TEST
Home Tags Forex

Tag: forex

Dollar advances as Treasury yields flirt with 3%

The dollar rallied at the start of a week packed with catalysts, from economic data to new debt supply, as the yield on benchmark...

Peso declines as trade war tensions cool

The peso plunged to a one-month low on Monday, April 23, as the dollar gained strength, propped up by rising bond yields in the...

Peso ends the week flat amid lack of leads

The peso moved sideways on Friday, April 20, generally unchanged from the previous day’s level due to lack of leads. The local unit ended the...

Peso dips after Philippine stocks plummet

The peso weakened against the dollar on Thursday, April 19, as the local bourse dipped intraday. The local currency ended at P52.10 versus the greenback,...

Peso weakens on strong US housing data

The peso weakened slightly against the dollar on Wednesday, April 18, on the back of strong US housing data as well as the easing...

Peso rises on upbeat data from US, China

By Karl Angelo N. Vidal, Reporter The peso strengthened slightly against the dollar on Tuesday, April 17, as the pair traded sideways on the back...

Peso sinks on weaker remittance data

The peso weakened against the dollar on Monday, April 16, as the money sent home by Filipinos overseas was weaker than expected in February. The...

Peso inches up on weak US jobs data

The peso slightly strengthened against the dollar on Tuesday, April 10, touching the P51 level intraday, due to weaker-than-expected jobs data in the US. The...

FX reserves thin but buffer to external shocks sufficient

THE COUNTRY’s buffer to external financial shocks remained sufficient despite thinning by end-March to its lowest monthly level in more than three years as...

Peso barely moves as inflation picks up

The peso slightly strengthened against the dollar on Thursday, April 5, following the faster inflation print in March. The local currency ended Thursday's session at...

Peso weakens on China tariffs

The peso slightly weakened anew against the dollar anew following the new tariffs imposed by China against the US. The local currency ended at P52.12...

Peso slightly weakens on bargain hunting

The peso weakened slightly against the dollar, although it breached the P51 level intraday, as concerns on a possible trade war between the US...

Peso strengthens on China tariff response

The peso strengthened against the dollar on Monday, April 2, as inflows continue to support the local currency. The local currency ended Monday's session at...

Peso weakens ahead of trading break

The peso weakened against the dollar on Tuesday, March 27, in preparation of the market inflow on Wednesday. The local currency ended Tuesday's session at...

As trade war heats up, biggest currency whales make their move

For the first time in a decade, the world’s central banks are looking beyond the dollar to build their currency reserves. With US protectionism on...

BSP unveils new designs for peso coins

The Bangko Sentral ng Pilipinas (BSP) has rolled out new designs for coins, with the new currency series to all come in silver but...

Peso weakens on latest trade war fears

The peso slumped against the dollar on Friday, March 23, as President Donald J. Trump imposed tariffs against China. The local currency closed at P52.39...

Peso weakens after BSP, Fed rates decisions

By Karl Angelo N. Vidal, Reporter The peso weakened against the dollar on Thursday, March 22, as the market expects the Bangko Sentral ng Pilipinas...

Peso weakens as investors await Fed rate outlook

The peso weakened against the dollar on Wednesday, March 21, as investors expect the US Federal Reserve (Fed) to hike its interest rates, which...

Peso inches up as investors await Fed decision, BSP policy meeting

The peso strengthened slightly against the dollar on Tuesday, March 20, as investors stayed on the sidelines ahead of the monetary policy meetings of...

Peso falls amid cautious trade

The peso weakened against the dollar on Monday, March 19, ahead of the monetary policy meeting of the US central bank. The local currency ended...

Peso strengthens as US political turmoil sparks trade-war risk

The peso strengthened against the dollar on Thursday, March 15, as investors stayed on the sidelines amid the geopolitical noise coming from President Donald...

Bitcoin pop culture moment fades as fad gives way to regulators

Suddenly, Bitcoin seems a bit boring. It might be hard to believe. But after the 1,400 percent rally of 2017, with wild swings along the...

Peso weakens on strong US inflation data

The peso weakened against the dollar on Wednesday, March 14, due to strong US inflation data amid the offshore geopolitical noise. The local currency ended...

Peso flat as investors await US inflation data

The peso ended flat against the dollar on Tuesday, March 13, as banks stayed on the sidelines ahead of the US inflation data. The local...

Peso trades sideways amid cautious market

The peso inched lower against the dollar on Monday, March 12, as market players took caution on the possible interest rate hikes coming from...

A trade-war road map for FX markets: Take cover, find your...

In foreign-exchange markets, investors aren’t waiting to find out if all the tariff threats being thrown around lead to a full-blown trade war. Some money...

Where are the winners from Philippines’ peso plunge? Look abroad

One bright spot from the Philippine peso’s slump to an 11-year low against the dollar can be found among the nation’s more than 10...

Peso strengthens against dollar

The peso strengthened slightly against the dollar on Wednesday, March 7, as the foreign currency traded weaker overnight on the back of President Donald...

Peso flat after inflation data

The peso ended flat against the dollar on Tuesday, March 6, following the February inflation print released earlier in the day amid the market...

Asia’s biggest currency gain in 20 years may be about to...

Asian currencies may be on the verge of a correction after completing the best year in at least two decades. The warning sign? Indonesia’s...

Peso inches up on profit taking from banks

The peso strengthened slightly against the dollar on Friday, March 2, on the back of profit-taking from banks. The local currency ended the week at...

Peso strengthens vs dollar, closes at P51.92

The peso strengthened against the dollar on Thursday, March 1, following the revised fourth-quarter US economic growth, which grew at a slightly slower pace...

Peso inches up ahead of Fed chair testimony

The peso strengthened slightly against the dollar on Monday, Feb. 26, due to some demand for the peso ahead of US Federal Reserve (Fed)...

Philippines uses dollar pile against speculators — BSP governor

The Philippine central bank sells dollars from its pile to curb excessive peso volatility against speculators using a cut in banks’ reserve ratios “as...

Peso ends week higher as correction continues

The peso strengthened anew against the dollar on Friday, Feb. 23, retreating back to the P51 level, as the local currency continued to correct...

Peso rebounds, ends at P52.24:$1

The peso rebounded against the dollar on Tuesday, Feb. 20, as the Bangko Sentral ng Pilipinas (BSP) intervened the whole day to cap the...

Asian stocks fall; dollar rises with bond yields

Most Asian equity benchmarks declined with US futures and the dollar rose as Treasury yields climbed back toward recent four-year highs. Japan’s Topix index dropped...

Third Barclays trader faces US charges in market manipulation case

THE former head of New York foreign exchange trading at Barclays Plc’s investment bank became the lender’s third trader to face US charges related...

Peso among “most stable” in Asia despite losses in 2017, says...

THE Department of Finance (DoF) said the peso remained among the “most stable” currencies in Asia and “finished strongly” in 2017 despite a 0.5%...

Financial marts end 2017 on a high

By Arra B. Francia, Reporter and Karl Angelo N. Vidal THE country’s financial markets ended 2017 with a bang, with the Philippine Stock Exchange index...

Central bank further relaxes rules on private sector’s FX access

THE BANGKO SENTRAL ng Pilipinas (BSP) has further relaxed its foreign exchange (FX) rules by making it easier for the private sector to tap...

Confusion reigns as banks scramble to price FX; bond research under...

LONDON — How much are you worth? For the foreign exchange (FX) and bond analysts covering the world’s biggest markets, how much to charge...

Next forex liberalization wave readied

By Melissa Luz T. Lopez Senior Reporter THE CENTRAL BANK plans to lift by yearend the requirement for banks and companies to register foreign exchange transactions,...

HSBC trader’s conviction will echo through the $5-trillion FX market

GLOBAL CURRENCY traders and compliance officers who monitor them were put on high alert after a New York jury convicted a former HSBC Holdings...