TEST
Home Tags Currency

Tag: currency

Peso rises on dovish Fed 

THE PESO appreciated further against the dollar as the US central bank said it would continue to support the world’s largest economy amid the coronavirus crisis.

Peso climbs vs dollar ahead of Powell remarks

THE PESO strengthened against the greenback on Tuesday as the dollar sank to a one-month low and amid expectations of supportive monetary policy from the US Federal Reserve.

Peso sinks to six-month low

THE PESO retreated against the greenback on Monday to log its weakest close in six months amid market expectations of a recovery in imports amid vaccine procurement developments.

Peso weakens on positive US data, import recovery bets

THE PESO depreciated versus the greenback on Thursday as the market anticipates a recovery in imports and preference for the dollar following upbeat US economic data.

Peso sinks to weakest close in 3 months

THE PESO weakened further against the greenback on Wednesday on risk-off sentiment following the stock market’s decline and amid concerns over rising commodity prices.

Peso drops to P48:$1 level as oil prices climb

THE PESO returned to the P48-per-dollar level on Tuesday amid rising oil prices and bargain hunting by investors.

Peso to extend gains vs dollar on BSP decision

THE PESO will likely strengthen versus the dollar this week on the expected arrival of the vaccines in the country and following signals from the central bank that it would keep rates low to support the economy.

Peso dips on expectations of steady BSP policy

THE PESO weakened against the dollar on Thursday on expectations that the central bank will keep benchmark interest rates untouched at record lows.

Peso rises vs dollar on proposed stimulus

THE PESO gained against the greenback on Wednesday, supported by hopes for the timely passage of key measures that could help the economy rebound from the coronavirus crisis.

Peso strengthens vs dollar ahead of RTB offering

THE PESO appreciated against the greenback on Monday ahead of the government’s retail Treasury bond (RTB) sale and on preference for the local unit following the US jobs data released on Friday.

Peso to climb vs dollar on policy meeting, faster inflation

THE PESO may strengthen versus the dollar this week on market expectations of a continued low interest rate environment following the above-target headline inflation print logged last month. 

Peso inches up on push for US stimulus, vaccination progress

THE PESO inched up against the greenback on Wednesday amid the push for the urgent passage of a stimulus package in the US and the global vaccination drive.

Peso climbs on stock market’s rise

THE PESO appreciated against the greenback on Tuesday on risk-on sentiment amid gains in the local stock market as well as signals of likely lower borrowings in the US.

Peso climbs vs dollar on strong PMI data

THE PESO strengthened against the greenback on Monday supported by improved manufacturing data.

Peso may falter as market sees faster inflation

THE PESO will likely retreat this week due to safe-haven demand for the greenback caused by expectations of quicker January inflation.

Peso retreats on record GDP decline

THE peso weakened versus the dollar on Thursday as the country logged its worst recession on record.

Peso rebounds on wider trade deficit in Dec.

THE PESO appreciated against the greenback on Wednesday on the back of data showing a wider December trade deficit.

Peso ends flat ahead of Fed meeting

THE PESO closed nearly flat against the greenback on Tuesday as investors wait for the result of the US Federal Reserve’s policy meeting.

Peso climbs on PHL stock market’s gains

THE PESO strengthened against the greenback on Monday following the stock market’s climb and signals of more inclusive policies in the United States to help combat the coronavirus pandemic.

Peso to climb before US Fed policy meeting

THE PESO is likely to strengthen versus the dollar this week on expectations that the US Federal Reserve will keep rates low to support the world’s largest economy.

Peso climbs on hopes of policy changes in US

THE PESO appreciated against the greenback on Thursday supported by hopes of substantial policy changes in the United States under a new administration.

Peso climbs as focus turns to US leadership change

THE PESO strengthened against the greenback on Wednesday on investor optimism hours ahead of the formal transition to the presidency of Joseph R. Biden, Jr.

Peso inches lower as market eyes US policy

THE PESO slipped further against the dollar on Tuesday as investors stayed on the sidelines ahead of the inauguration of the incoming president of the United States on Wednesday.

Peso slips vs dollar

THE PESO weakened against the greenback on Monday as the market repositioned ahead of US President-elect Joseph R. Biden.’s first day in office.

Peso to rise on US leadership change

THE PESO is seen climbing further against the greenback this week, with the market likely to be bullish amid the leadership change in the United States.

Peso ends flat as coronavirus cases climb

THE PESO closed nearly flat against the greenback on Thursday due to the continued increase in coronavirus infections and softer remittance data.

Peso slips as oil prices spike

THE PESO inched down versus the greenback on Wednesday as oil prices climbed to their highest levels in almost a year.

Peso climbs on Fitch move

THE PESO strengthened against the greenback on Tuesday, fueled by positive market sentiment on the affirmation of the country’s credit rating as well as progress on some vaccine deals.

Peso declines as daily virus tally climbs

THE PESO weakened against the greenback on Monday as investors were cautious following the pickup in local coronavirus infections and the drop in foreign direct investments (FDI).

Peso to climb versus dollar on stimulus hopes

THE PESO is expected to bounce back versus the dollar this week as the market anticipates the leadership change in the United States and on developments regarding coronavirus vaccines.

Peso retreats as oil prices rise

THE PESO weakened against the greenback on Thursday as oil prices rose, threatening a higher import bill for the country.

Peso climbs further as sentiment improves

THE PESO strengthened against the greenback on Wednesday backed by risk-on sentiment following the extension of key measures for the government's pandemic response as well as a likely Democrat win in the Georgia senatorial runoff elections.

Peso weakens on faster inflation

THE PESO weakened against the greenback on Tuesday as inflation picked up in December.

Peso inches up vs dollar

THE PESO strengthened slightly against the greenback on Monday following the release of data showing a decline in local manufacturing activity. 

Peso to weaken this year as trade recovers

THE PESO could weaken against the greenback in 2021 to push it back to the P50-per-dollar level as global trade gradually recovers amid easing restriction measures.

Foreign currency loans down as firms cut working capital

FOREIGN CURRENCY loans slipped in the third quarter amid continued tepid business activities and stricter lending standards as the pandemic crisis stretched on.

Budget approval, dollar flows boost peso

THE PESO strengthened against the greenback on Tuesday, its last trading day for the year, backed by year-end flows and positive market sentiment on the legislation of the 2021 budget.

More banks waive fund transfer fees into 2021

MORE LENDERS are extending fee waivers for fund transfers in a bid to boost digital banking and to provide safer ways for carrying out financial transactions during the pandemic.

Stronger peso persists towards yearend as remittances pour in

THE peso appreciated further on Monday after another round of stimulus package in the US was signed into law while overseas Filipino workers (OFWs) continue to send remittances during the holidays.

Peso seen moving sideways on budget approval, holiday break

THE PESO is expected to move sideways in the last trading week of 2020 amid the holidays and on expectations that next year’s budget will be signed on Monday.

Peso strengthens on seasonal surge in remittances

THE PESO appreciated against the greenback on Wednesday on the back of remittance flows for the holiday season.

Peso slips vs dollar on new virus strain in UK

THE PESO inched down against the greenback on Tuesday amid risk-off sentiment due to the new coronavirus strain seen in the United Kingdom.

Peso steady on subdued trade ahead of holidays

THE PESO ended steady against the greenback on Monday, backed by remittance flows despite some uncertainties on a US stimulus bill as well as the rise in coronavirus infections.

Peso may strengthen vs dollar on inflows, budget enactment

THE PESO could appreciate against the greenback this week on the back of holiday flows and optimism on the timely passage of the 2021 budget.

Peso strengthens on stimulus progress

The peso appreciated slightly against the dollar on Thursday on news that proposed stimulus programs here and in the United States are making progress.