Tag: currency

THE PESO may weaken against the dollar this week as developments in the European Union (EU) and United States are expected to boost safe-haven buying in favor of the dollar.

THE PESO weakened further on Friday as players covered their short dollar positions anew, while lingering uncertainties over rate hikes in the United States continued to spook investors.

THE PESO ended its rally against the greenback on Thursday as market participants covered for their short dollar positions.

THE PESO strengthened to a six-month high on Wednesday even as the greenback strengthened in the morning session due to a risk-off mode among investors.

THE PESO sustained its strength on Tuesday to log a fresh five-month high as the dollar remained weak following dovish remarks from US Federal Reserve officials.

THE PESO sustained its strength on Monday to hit a five-month high as the dollar weakened following dovish statements from US Federal Reserve officials.

THE PESO is seen to strengthen further against the dollar as easing inflation expectations following the policy tightening of the Bangko Sentral ng Pilipinas (BSP), as well as dovish remarks from a US central bank official, will likely support the local currency.

THE peso continued its ascent against the dollar on Friday as market participants reacted to further monetary tightening by the central bank.

THE PESO strengthened further against the dollar on Thursday as market players awaited the policy decision of the local central bank.

THE PESO strengthened a tad against the dollar on Wednesday as market players look for fresh leads ahead of the local central bank’s rate-setting meeting.

THE PESO strengthened against the dollar on Tuesday as traders position ahead of the Bangko Sentral ng Pilipinas’ (BSP) rate-setting meeting on Thursday and amid growing external uncertainties.

THE PESO weakened back to the P53-per-dollar level on Monday, normalizing after a large inflow to a local firm last week, with markets also unimpressed by economic data.

THE PESO could weaken and go back to the P53-per-dollar level this week as market players expect strong economic data in the United States, although eyes are also on the local central bank’s rate decision due on Thursday.

THE PESO ended its five-day uptrend on Friday to log its weakest showing in three days, just as bets of another rate hike in the United States next month became more certain.

THE PESO maintained its strength yesterday to log a five-month high, supported by big fund inflows even as Philippine economic growth clocked in slower than expected.

THE PESO returned to the P52-per-dollar level on Wednesday, its best in three months, as the market digested the results US mid-term elections and positioned ahead of third-quarter economic growth data to be released today.

THE PESO strengthened to its best level in three months on Tuesday, as the inflation print for October released yesterday was as expected, supported by remittance flows.

PHILIPPINE corporates have the least to worry about at a time of stronger dollar, S&P Global Ratings said as it pointed out that local firms have the lowest foreign debt compared to Southeast Asian peers.

THE PESO strengthened against the dollar on Monday as markets see better inflation data and economic growth figures later this week, boosting prospects for the Philippines.

THE PESO strengthened against the dollar to reach a two-month high as market players prepare for remittance coverage for the long weekend.

Peso weakens on US-China concerns

THE PESO strengthened further against the dollar on Monday on the back of continued pressure on the US currency due to economic data there.

THE PESO is expected to move sideways this week amid mixed economic signals in the US tempered by risk aversion among market players.

THE peso strengthened further against the dollar to a seven-week high with market participants speculating about remittance and bond inflows.

THE PHILIPPINES is set to have a peso-renminbi (RMB) spot market, which is seen to help boost trade and business relations between the Philippines and China.

THE PESO rebounded against the dollar on Wednesday as investors reacted to the central bank’s statement about inflation tapering down.

THE PESO weakened slightly versus the dollar on Tuesday as risk-off sentiment prevailed due to geopolitical concerns in Europe.

THE PESO weakened against the dollar on Monday due to safe-haven demand amid lingering geopolitical concerns in the European Union (EU).

THE PESO will likely move sideways against the dollar this week amid mixed economic and political signals abroad.

THE PESO recovered on Friday to its strongest rate in over a month, supported by cues for succeeding rate hikes from the central bank coupled with big fund inflows.

Peso weakens anew versus dollar

THE PESO strengthened further on Wednesday to log a fresh one-month high, even as the dollar climbed on the back of a rebound in global equity markets.

THE PESO strengthened to a one-month high on Tuesday as the dollar weakened due to lower-than-expected US retail data and negative sentiment at Wall Street.

Peso climbs on offshore selling

THE PESO may weaken against the dollar this week as likely hawkish hints from the minutes of the latest US Federal Reserve policy meeting may boost the greenback.

THE peso strengthened on Friday after the US reported milder-than-expected inflation data and as hopes were raised for progress on the US-China trade dispute.

THE PESO ended flat against the dollar on Thursday even as risk-off sentiment overnight pushed the local currency weaker in morning trade.

THE PESO strengthened on Wednesday as the dollar’s ascent against the euro paused and as the local trade data came in stronger than expected.

THE PESO weakened anew against the dollar on Tuesday as risk-off sentiment prompted investors to shy away from riskier currencies due to the geopolitical tensions overseas.

ASIA’S dollar bond sales are set to end 2018 with a whimper after a sizzling start. Next year’s prospects may prove dimmer, bankers and investors say.

THE PESO strengthened against the dollar on Monday as the slower-than-expected September inflation print continued to boost the attractiveness of the local currency.

THE PESO is seen to weaken further this week as likely mixed US data and hawkish Federal Reserve officials may boost the attractiveness of the greenback.

THE peso recovered on Friday as market players reacted to a lower-than-expected inflation reading for September, which helped ease negative sentiment towards the local currency.

THE PESO weakened on Thursday as the dollar strengthened on the back of a jump in US Treasury yields.

THE PESO went up against the dollar on Wednesday as it consolidated ahead of the inflation data release on Friday.