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