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Peso to weaken further on geopolitical tensions

THE PESO may see continued weakness this week mainly due to geopolitical tensions caused by a US airstrike that killed Iran’s most prominent military official.

Peso weakens sharply on threat of widening US-Iran tensions

THE PESO weakened sharply past the P51-to-the-dollar level following a rush to safe-haven currencies due to the prospect of fresh Middle Eastern tensions after a US air strike killed a senior Iranian military officer while he was in Iraq.

Peso weakens versus the dollar on corporate demand, stock market

THE PESO weakened on the first trading day of the year on the back of the losses in the stock market and as some investors stock up on their dollar ahead of the uncertainties throughout the year.

Peso seen weakening this year

AFTER REBOUNDING against the greenback in 2019, the peso might weaken this year on the back of a possibly wider trade deficit and as investors wait on the sidelines for the clarity of some business-related rules in the country.

Peso ends 2019 higher

THE PESO strengthened versus the dollar on the last trading day of 2019 as remittance inflows continued to surge for the holidays and amid risk-on sentiment due to positive news on the US-China trade deal.

Peso ends flat on cautious trading ahead of year’s end

THE PESO ended sideways on Thursday as the market opted to stay on the sidelines as the year comes to an end.

Peso likely to rise on holiday spending

THE PESO will likely strengthen further on the back of remittances for holiday spending and as US President Donald J. Trump said they are close to signing the phase one of Washington’s trade deal with Beijing.

Peso weakens as market awaits US-China deal

THE PESO depreciated on Monday as the market waits for the developments in the trade negotiations between the United States and China.

Peso to climb on remittances

THE PESO is expected to rise this week on the back of the strong support from the surge of remittance flows this holiday season.

Peso weakens on potential Trump impeachment

THE peso weakened against the dollar on Friday as worries about the potential impeachment of US President Donald J. Trump haunted the market.

Peso inches down ahead of break

THE PESO closed almost flat on Thursday despite news of US President Donald J. Trump being impeached by the US House of Representatives as investors were cautious with the year coming to an end.

Peso weakens on better-than-expected US data

THE PESO depreciated against the dollar on Wednesday on better-than-expected data on housing and manufacturing from the United States reported late Tuesday.

Peso strengthens on US-China trade talks

THE PESO climbed against the dollar amid hints of positive developments in the US-China trade talks.

Peso inches up on US-China trade deal

THE PESO ended sideways on Monday as the market awaits clearer details from the “phase one” deal between the US and China and as investors close their books for the year.

Peso to rise further on OFW remittances

THE PESO is expected to further strengthen this week as more remittances come in, with the Christmas season coming closer.

Peso strengthens on progress in US-China talks

THE PESO appreciated further on Friday on the back of market optimism that a phase one deal with China was already approved by the United States.

Peso up on Fed, BSP decisions

THE PESO strengthened against the greenback on Thursday after both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) decided to maintain key policy rates.

Peso weakens on US-China issues

THE PESO weakened against the dollar on Wednesday due to mixed signals from the US and China on the new set of tariffs on Chinese goods set to take effect this month.

Peso climbs ahead of US data

THE PESO appreciated on Tuesday ahead of US inflation data and amid positive signals regarding the US-China trade war.

Peso ends flat vs dollar ahead of BSP policy meeting

THE PESO moved sideways on Monday following the latest round of cuts to banks’ reserve requirement ratios (RRR) and as markets await the Bangko Sentral ng Pilipinas’ (BSP) monetary policy decision.

Peso may strengthen on trade data, BSP decision

THE PESO may strengthen this week as the market awaits the release of local trade data as well as the possibility of a final round of easing at the central bank’s last policy meeting for this year, which happens this week.

Peso continues rally against dollar

THE peso continued to rally against the dollar on Friday on positive market sentiment about inflation.

Peso rebounds on inflation, US-China trade talks

THE PESO regained its strength versus the dollar on Thursday as markets picked up a sense of optimism that trade talks between the US and China are still in progress despite the situation in some of China’s territories and following data showing manageable inflation in November.

Peso down on trade deal issues

THE PESO weakened to the P51-per-dollar level anew on Wednesday following US President Donald J. Trump’s statement on Tuesday that he has “no deadline” for a phase one deal with China amid their ongoing trade war.

Peso climbs vs dollar on weak US data

THE PESO bounced back on Tuesday after sinking to the P51-per-dollar level on Monday, with the market pricing in unexpectedly weaker US manufacturing data for November.

Peso sinks back to P51:$1 level

THE PESO depreciated on Monday, returning to the P51-per-dollar mark, due to strong demand for the dollar and amid expectations of better US manufacturing data.

Peso may strengthen vs dollar on remittances, inflation data

THE PESO could strengthen this week on the back of support from continued remittance inflows this month.

Peso weakens as China warns US of action on Hong Kong...

THE PESO depreciated anew on Friday as China threatened to impose countermeasures after the US passed a bill in support of Hong Kong.

Peso climbs versus dollar

THE PESO strengthened on Thursday amid risk-on sentiment following the passage of a US legislation supportive of Hong Kong’s autonomy.

Peso climbs on US-China deal progress

THE PESO strengthened on Wednesday as US President Donald J. Trump said Washington’s “phase one” trade deal with China is inching closer to completion.

Peso drops as BSP chief says another cut possible

THE PESO depreciated on Tuesday due to developments in the US-China trade negotiations, as well as comments from Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno that a rate cut is still possible within the year.

Peso strengthens on prospects of US-China deal

THE PESO appreciated on Monday on the back of positive developments in the US-China trade talks as well as US manufacturing data.

Peso likely to strengthen further amid inflow of OFW remittances

THE PESO may strengthen further this week as the inflow of remittances due to the upcoming holiday season support the currency.

Peso barely moves after unclear US-China dialogues

THE peso barely moved against the dollar on Friday as talks between the world’s two biggest economies to finalize their trade deal continued to be uncertain.

Peso flat as US-China deal in limbo

THE PESO closed sideways on Thursday with new uncertainties in the US-China trade deal as US legislators pass bills to support Hong Kong protesters’ human rights.

Peso rebounds vs dollar ahead of US Fed minutes

THE PESO recovered on Wednesday as markets went profit taking before the policy minutes from the US Federal Reserve.

Peso weakens vs dollar

THE PESO succumbed to the dollar on Tuesday amid the lack of clarity on a final trade deal between the world’s top two economies.

Peso inches lower amid cautious trade

THE PESO moved sideways as it traded within a tight range yesterday with the market staying on the sidelines, anticipating central bank developments overseas.

Peso to rally on revived US-China trade hopes

THE PESO is poised to appreciate this week on renewed hopes that US and China will be able to hammer out a “phase one” trade deal.

Peso inches higher on dovish Fed

THE PESO moved sideways on Friday as the US Federal Reserve hinted it is done with rate cuts for the year and as the market looked for more solid developments in the US-China trade talks.

Peso strengthens as BSP keeps interest rates steady

THE PESO strengthened on Thursday as markets expected the central bank to keep rates steady at its policy meeting later in the day.

Peso drops on tensions

THE PESO weakened on Wednesday amid worsening political tensions in Hong Kong and negative developments in the US-China trade negotiations.

Peso rebounds against dollar

THE PESO bounced back on Tuesday as the market took a wait-and-see approach amid global trade uncertainties and a possible pause in the central bank’s monetary policy.

Peso plunges on geopolitical concerns

THE PESO plunged on Monday due the escalating tensions in Hong Kong, negative developments in the US-China trade war, as well as the continued decrease in inflows of foreign direct investments (FDI) into the Philippines.

Peso to strengthen as BSP halts easing cycle

THE PESO is seen to climb this week on the back of local economic data coming up and signals of a pause in monetary easing from the central bank.