Tag: currency

THE PESO weakened against the dollar on Monday as jobs data out of the United States last week pointed to a continued recovery in the world’s largest economy.

THE PESO is expected to rebound this week as more businesses reopen amid relaxed quarantine measures in the country.

THE PESO weakened further on Thursday as the US government said it was targeting to distribute vaccines against the coronavirus disease 2019 (COVID-19) by the end of October.

THE PESO weakened on Wednesday as the US government resumes talks on a stimulus fund.

THE PESO inched higher on Tuesday on the US central bank’s new policy framework and despite data showing the local manufacturing sector slowed in August.

THE PESO declined further versus the dollar on Thursday on data showing more foreign portfolio investments exited the country in July.

THE PESO weakened slightly on Wednesday on data showing that the country’s budget deficit widened in July.

THE PESO strengthened further on Tuesday on improved market sentiment following the release of latest data on trade and remittances.

THE peso strengthened on Monday as lawmakers near the approval of the second stimulus fund to mitigate the effects of the coronavirus disease 2019 (COVID-19).

THE PESO is expected to appreciate this week as investors await the release of July budget balance data.

THE peso weakened on Thursday as the market preferred the safe-haven greenback amid renewed tensions between Washington and Beijing.

THE PESO continued to strengthen against the dollar on Wednesday on risk-off sentiment due to expectations of a dovish stance from the minutes of the US Federal Reserve’s latest meeting.

THE PESO strengthened versus the greenback on Tuesday to log a new three-year high following the easing of quarantine measures in Metro Manila and nearby provinces.

THE PESO strengthened against the dollar on Monday on the back of data showing a continued increase in the country’s dollar reserves amid the coronavirus pandemic.

THE PESO will likely appreciate further this week on increased risk appetite amid expectations that restriction measures in Metro Manila will be lifted to support the economy.

THE PESO bounced back on Thursday to a near four-year high as news of a vaccine against the coronavirus disease 2019 (COVID-19) and the possible relaxation of lockdown in Metro Manila sparked optimism among investors.

THE PESO retreated against the greenback on Wednesday as oil prices corrected, with demand recovering on easing restriction measures amid the pandemic.

THE PESO surged to return to the P48-per-dollar level on Tuesday following signals from President Rodrigo R. Duterte that the stricter lockdown in Metro Manila will be lifted by next week.

THE PESO strengthened against the greenback on Monday as the central bank chief signaled rates are likely to be maintained in the upcoming policy-setting meeting.

THE PESO may continue to appreciate this week following the record-high proceeds from the government’s retail Treasury bond (RTB) sale and amid weak demand for dollars.

THE PESO climbed to a new three-year high versus the greenback on Wednesday following the release of data showing a narrower June trade deficit and faster inflation in July.

THE PESO was unchanged versus the greenback on Tuesday as the market stayed on the sidelines ahead of the release of the second-quarter gross domestic product (GDP) data.

THE PESO logged a fresh three-year high versus the dollar following the US economy’s contraction in the second quarter.

THE peso may depreciate this week amid major data releases such as gross domestic product (GDP) and inflation, and the continued surge in coronavirus infections.

THE PESO rallied against the greenback on Thursday to reach a new three-year high after data showing improved foreign portfolio investments as well as dovish signals from the US Federal Reserve.

THE PESO closed flat against the greenback on Wednesday as the market awaits clearer signals from the US Federal Reserve following its policy meeting.

THE PESO rallied to its best close against the greenback in more than three years following the State of the Nation Address (SONA) of President Rodrigo R. Duterte, which outlined some measures to support economic recovery amid the pandemic.

THE PESO closed at a three-year high against the greenback on Monday amid rising coronavirus infections and escalating tensions between Washington and Beijing.

THE PESO may depreciate this week due to the continued increase in coronavirus disease 2019 (COVID-19) cases, which could dampen sentiment on the local unit.

THE PESO appreciated against the greenback on Thursday on the back of profit taking and less safe-haven demand for the dollar due to improving market sentiment.

THE PESO rebounded against the greenback on Wednesday as discussions began on the next phase of relief measures in the United States.

THE PESO closed sideways against the greenback on Tuesday following the reduction in the reserve requirement for smaller lenders and as investors await clarity on further fiscal support in the United States.

THE PESO strengthened against the greenback on Monday to log its best close since November 2016 on prospects of a new stimulus package in the United States.

THE peso is expected to extend its gains this week ahead of the release of key economic data on the country’s balance of payments (BoP) and budget deficit.

THE PESO weakened anew on Thursday on risk-off sentiment after the steep drop in April cash remittances, which was the worst in nearly two decades.

THE PESO rallied against the greenback on Wednesday on the back of continued growth in the country’s dollar reserves.

THE PESO weakened against the greenback on Tuesday as fresh tensions emerged between Washington and Beijing.

THE PESO appreciated against the greenback on Monday, supported by positive market sentiment after progress in the clinical trial of an anti-viral drug for patients of the coronavirus disease 2019 (COVID-19).

THE PESO may depreciate versus the greenback this week as the market awaits the release of remittance data expected to show a further decline due to the fallout from the coronavirus pandemic.

THE PESO strengthened against the greenback on Thursday after gains in the US stock market.

THE peso strengthened against the greenback on Wednesday as oil prices slipped on worries of oversupply.

THE peso weakened versus the greenback on Tuesday after data showed a faster-than-expected rise in consumer prices in June.

THE PESO rallied to log its best close against the greenback since 2016 on expectations of continued benign inflation, even as prices of some commodities went up.

THE PESO is expected to appreciate this week, to be supported by local data releases, including inflation and trade balance.

THE PESO continued to strengthen versus the greenback on risk-on sentiment amid the wider balance of payments (BoP) surplus in May and dovish signals from the US Federal Reserve.