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LONDON — If evidence is needed of how far ripples from the Sino-US trade war are reaching, have a look at Europe where the yuan’s slump is driving up the euro’s value against trade partners’ currencies, handicapping the export-reliant bloc’s economy.
LONDON/NEW YORK — The increasing frequency of flash crashes in the $5.1 trillion-a-day foreign exchange (FX) market has regulators scrambling for answers.
THE PESO is seen to move sideways against the dollar this week following weaker-than-expected jobs data in the United States as well as positive developments in Washington’s trade issues.
THE PESO strengthened further against the dollar on Wednesday to hit a six-week high as market participants priced in dovish pronouncements from the US central bank.
THE peso strengthened slightly against the dollar on Friday, as market participants reacted to a recent decision by Fitch Ratings to maintain its credit rating for the Philippines.
THE PESO weakened against the dollar on Tuesday as market players flocked to the greenback for safety amid persistent uncertainty on the trade negotiations between the United States and China.
THE PESO strengthened further against the dollar on Friday ahead of US data and the implementation of the first wave of reductions in banks’ reserve requirement ratios (RRR).
THE PESO strengthened against the dollar on Tuesday following upbeat inflation data.
THE peso firmed against the dollar on Friday in quiet trading ahead of the release of US jobs data.