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Peso expected to weaken this week

THE PESO may weaken this week as markets expect hawkish remarks from US Federal Reserve officials to reinforce a December rate hike despite possible...

Peso rallies on month-end support

By Elijah Joseph C. Tubayan, Reporter THE peso rallied against the dollar on Friday on profit-taking typical of month-end trading, ignoring the upward revision to...

Peso climbs ahead of US GDP growth data

THE PESO inched higher on Thursday as the market saw profit-taking ahead of the release of United States’ gross domestic product (GDP) data. The local...

Peso drops to P51:$1 level anew

THE PESO weakened to drop to the P51-per-dollar level anew on Wednesday, as the US Federal Reserve affirmed its hawkish tone, hinting on another...

Peso weakens on geopolitical risk

THE PESO weakened versus the dollar on Tuesday on safe-haven buying amid jitters between the United States and North Korea. The local currency closed at P50.935 against...

Peso inches up against dollar amid quiet trade

THE PESO inched up against the dollar on Monday, as traders await the next move of North Korea amid rising tensions with the United...

Peso seen to depreciate vs US dollar this week

By Melissa Luz T. Lopez, Senior Reporter THE PESO could depreciate versus the dollar this week amid renewed bets of a monetary policy hike in the...

Peso surges amid rising US-North Korea tensions

THE PESO gained strength on Friday to return to the P50 level versus the dollar to its best showing in over a month as...

Peso weakens on Fed

THE PESO weakened anew yesterday to return to the P51 level as hawkish statements from the United States Federal Reserve boosted the dollar. The local...

Peso slips ahead of Fed decision

THE PESO weakened versus the dollar yesterday, with the sideways move ending a two-day rally amid market cautiousness ahead of the results of a...

Peso climbs to one-week high ahead of Federal Reserve, BSP

THE PESO picked up versus the dollar for the second straight session yesterday to its best showing in over a week, benefiting from risk-on...

A winning bearish dollar bet: local currency emerging market bonds

NEW YORK — One of the best strategies to cash in on the dollar’s slide since Donald Trump’s election victory is a rather exotic...

Peso strengthens on weak key US data

THE PESO gained strength versus the dollar yesterday on the back of weak economic data in the United States, with the sideways move reflecting...

Peso seen sideways on US data

THE PESO may move sideways this week as the expected effect of two hurricanes on the United States could temper potentially hawkish remarks in...

Peso unchanged in choppy trade amid N. Korea tension

THE peso held steady against the dollar even as the greenback surged against the yen as currency traders brushed off the latest missile fired...

Peso back at P51:$1 level

THE PESO dropped to the P51 level anew, as markets expect strong US inflation data that may prompt the Federal Reserve to raise its...

Peso slips ahead of data

THE PESO snapped its week-long rally versus the dollar as it resumed trading yesterday as sentiment towards the United States recovered, and ahead of...

Peso dips amid lack of fresh leads

THE PESO traded sideways on Monday as it consolidated below P50 trading level amid the lack of fresh leads. The local currency closed at P50.905...

Peso rallies to one-month high

THE PESO sustained its rally on Friday to remain at a one-month high, moving in sync with other Asian currencies as sentiment continued to...

August foreign reserves at 3-month-high $81.5 billion

GROSS INTERNATIONAL RESERVES (GIR) edged up in August to a three-month high on the back of higher gold valuations and steady inflows from the...

Peso back at P50:$1 level on Federal Reserve hawk’s departure, Canada...

By Melissa Luz T. Lopez, Senior Reporter THE PESO strengthened anew yesterday to log its best showing in a month as the resignation of a Federal...

Peso up on dovish Fed remarks

THE PESO appreciated anew yesterday, reacting to a weaker dollar amid dovish comments from a Federal Reserve official on the next policy moves in...

Peso inches up on inflation data

THE PESO closed barely changed for the third straight session yesterday, picking up slightly as the dollar grew weaker across a host of currencies...

Peso ends flat on profit taking

THE PESO moved sideways yesterday amid mixed global developments, which was capped by profit taking as well as quiet trading as financial markets in...

Peso expected to climb on weak US jobs report

THE PESO will likely trade higher against the dollar this week on the back of softer-than-expected US labor data and ahead of the European...

Peso declines further on US GDP data

THE PESO finished the week lower against the dollar yesterday amid a quiet trading session due to upward-revised US economic growth in the second...

Peso slips as market awaits key US data

THE PESO moved sideways yesterday, slipping slightly, as the dollar fetched some gains as sentiment recovered following geopolitical tensions between United States and North...

Peso weakens on risk aversion

THE PESO went down against the dollar on Tuesday due to lack of fresh leads and demand for the safe-haven greenback amid rising geopolitical...

Peso to trade sideways ahead of key US reports

THE PESO will likely trade sideways versus the dollar in the coming days after the much-awaited speeches of central bank officials failed to shed...

Peso weakens in rangebound trade ahead of Fed, ECB remarks

THE peso weakened slightly against the dollar on Friday as market participants adopted a wait-and-see attitude ahead of remarks from central bank officials of...

Peso ends at two-week high

THE PESO strengthened versus the greenback yesterday to log its best showing in nearly two weeks, with dollar inflows and negative remarks by US...

Peso continues to climb

THE PESO continued to strengthen against the dollar on Wednesday ahead of the Jackson Hole Economic Policy Symposium amid the absence of catalysts offshore and at...

Peso climbs on BSP intervention

THE PESO started the week stronger versus the greenback, erasing a near 11-year low logged the previous session, after it tracked regional peers and...

Peso seen sideways ahead of US reports

THE PESO will likely trade sideways versus the greenback this week amid geopolitical noise offshore and bets of softer key US economic reports. The peso...

SMIC upbeat on prospects despite peso depreciation

SM Investments Corp. remains upbeat about the conglomerate’s prospects despite the depreciation of the Philippine peso, a top company official said. SM Investments Vice-Chairperson Teresita...

Peso sinks to fresh trough on dollar demand, geopolitical concerns

THE PESO finished the week at a new low against the dollar on the back of strong corporate demand, with zero signs of intervention...

Peso slips to fresh low

THE PESO slipped to another near 11-year low amid strong appetite for the dollar intraday despite upbeat Philippine economic growth data and dovish minutes...

Peso slips ahead of GDP report

THE PESO ended almost flat versus the dollar on Wednesday but still logged another near 11-year low due to domestic corporate demand and ahead...

Central bank likely to hike rates within 2017 as inflation picks...

By Melissa Luz T. Lopez, Senior Reporter THE Bangko Sentral ng Pilipinas (BSP) will still have to raise interest rates by yearend to keep up with...

Peso ends at P51:$1 level despite BSP call for calm

THE PESO started the week at a near 11-year low, closing at the P51-per-dollar level, due to negative market sentiment amid heightened political tensions...

Peso seen sideways ahead of Fed

THE PESO may trade sideways against the greenback this week on the back of softer US inflation as well as bets of upbeat key...

Peso closes at nearly 11-year low on Korea tensions

THE PESO closed lower against the dollar on Friday, breaching the P51-to-the-dollar level intraday, amid escalating tensions between the United States and North Korea. The...

Peso sinks to three-week low on Fed bets

THE PESO continued to slump against the greenback on Thursday, hitting a three-week low, amid investor appetite for the dollar and stronger bets of...

Peso drops on US, North Korea tensions

THE PESO continued to weaken versus the dollar on Wednesday following a sell-off on the back of upbeat US labor data as well as...

Peso weakens further

THE PESO continued to slump against the greenback amid strong appetite for the dollar on the back of positive sentiment from upbeat key US...