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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.
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 strengthened Friday ahead of an expected cut in Fed policy rates and amid positive sentiment generated by the G20 meeting.
THE PESO rose further to hit a fresh one-year high on Tuesday as the dollar remained weak due to tensions between the United States and Iran.
THE PESO strengthened further against the dollar on Thursday to hit a fresh two-month high, as risk appetite improved following the dovish statement of the US Federal Reserve.
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.