Home Tags Peso

Tag: peso

Peso inches up as mart awaits Fed policy statement

THE PESO inched higher on Wednesday as investors expect positive local gross international reserves (GIR) data and a dovish tone from the US Federal Reserve’s policy review.

Peso climbs on improved remittance, FDI figures

THE PESO continued to strengthen on Tuesday as central bank data showed improved remittances from overseas Filipino workers (OFWs) and foreign direct investments amid the coronavirus pandemic.

Peso strengthens vs dollar on eased restrictions

THE PESO strengthened further on Monday as the government eased restriction measures to help boost the economy while managing the pandemic.

PeSO asserts it went through process in getting POC accreditation

ITS accreditation as the country’s national sports association for esports questioned the Philippine eSports Organization (PeSO) on Monday moved to assert that it went through the process and fulfilled all the requirements needed for application as an NSA.

Peso to climb on approval of fresh stimulus funding

THE PESO may strengthen against the dollar this week as the government prepares for the distribution of the stimulus funds under the recently signed Bayanihan II Act.

Peso climbs as oil prices decline

THE PESO strengthened on Thursday as oil prices declined further and as the Philippine government allowed more public transportation modes to operate

Peso set to stumble with drop in foreign bond sales

Philippine borrowers are looking to raise fewer bonds overseas in the coming months, taking away a pillar of strength for the peso. The peso led...

Peso drops as Fitch cuts outlook for PHL economy

THE PESO weakened against the dollar on Wednesday as Fitch Ratings penciled in a deeper contraction for the Philippine economy.

Peso up as cases decline

THE PESO strengthened against the dollar on Tuesday as the country recorded fewer cases of coronavirus disease 2019 (COVID-19).

Peso drops as US jobs data show continued recovery

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.

Peso to rebound versus dollar as economy reopens further

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

Peso declines further as US eyes vaccine distribution

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.

Peso weakens on positive US data, stimulus talks

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

PeSO gets approval of POC as an associate member

The local esports community has enhanced its structure when the Philippine Esports Organization (PeSO) recently got the nod to operate as the official national sports association for the sport.

Peso inches up on Fed framework

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.

Stakeholders enter partnership under PeSO to lift PHL Esports

THE LARGEST and most credible esports companies and personalities in the Philippines have come together under the revamped banner of the Philippine E-sports Organization (PeSO). Backed by telecommunications giant, Smart Communications, PeSO is comprised of the most recognizable names in Philippine esports — Bren Esports, Gariath Concepts, Mineski Philippines, The Nationals, PlayBook Esports, Tier One Entertainment, TV5, and TNC Holdings.

Peso weakens on ‘hot money’ data

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

Peso weakens as budget deficit widens in July

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

Peso rises versus dollar on improved sentiment

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

Peso rises on Bayanihan II progress

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).

Peso free to extend Asia’s biggest gain as Diokno stands aside

The Philippine peso advanced closer toward the psychologically significant level of 48 per dollar after Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the market was free to determine its level.

Peso to strengthen ahead of budget balance data

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

Peso drops on renewed US-China tensions

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

Peso rallies as market expects dovish Fed signals

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.

Peso climbs to three-year high on eased restrictions

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.

Peso rises versus dollar on higher reserves level

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.

Peso to strengthen as investors expect easing of restrictions

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.

Peso strengthens to near four-year high

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.

Peso weakens vs dollar on recovery in oil prices

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

Peso returns to P48:$1 level on Duterte’s remarks

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.

Peso strengthens as Diokno signals steady policy stance

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.

Peso to strengthen on RTB flows, weak dollar demand

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.

Peso climbs to fresh high on positive economic data

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.

Peso closes flat ahead of second-quarter GDP data

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.

Peso rallies to three-year high as US economy contracts

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

Peso to weaken ahead of inflation, GDP data

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.

Peso climbs to fresh three-year high vs dollar

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.

Peso flat ahead of Fed decision

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

Peso surges to 3-year high on Duterte speech

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.

Peso hits three-year high as dollar weakens

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

Peso to weaken on rising local coronavirus cases

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.

Peso up on less safe-haven demand, profit taking

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.

Peso rebounds vs dollar

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

Peso inches sideways after BSP cuts small banks’ RRR

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.

Peso rallies to three-year high

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.