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THE PESO depreciated on Thursday as fears of a global recession gripped financial markets following the inversion of the US Treasury yield curve.
THE PESO is seen to move sideways this week amid a lack of fresh leads, with the market to be on the lookout for the latest currency news from China.
THE PESO weakened further, returning to the P52-per-dollar level, as markets continued to react to lingering US-China trade tensions.
THE PESO declined against the dollar on Thursday after the US Federal Reserve cut benchmark rates.
THE PESO will likely move sideways against the dollar ahead of the possible policy easing of the US Federal Reserve.
THE PESO continued to strengthen against the dollar on Tuesday to hit a new high on the back of profit taking ahead of the release of some US economic data.
THE PESO gained a tad against the dollar on Tuesday as it moved sideways ahead of the testimony of Federal Reserve chair Jerome Powell before the US Congress.
US PRESIDENT Donald Trump’s latest accusation of currency manipulation has foreign-exchange (FX) analysts game-planning the administration’s next move.
THE PESO weakened slightly against the dollar on Tuesday amid market uncertainty ahead of key economic data releases here and in the United States.
THE PESO is seen to strengthen at a slower pace over the near term as market optimism on cooling US-China trade tensions fades and ahead of further monetary easing by the local central bank, Fitch Solutions said.
THE peso strengthened Friday ahead of an expected cut in Fed policy rates and amid positive sentiment generated by the G20 meeting.