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THE PESO may strengthen versus the dollar this week as coronavirus cases in the country continue to decline and ahead of the release of latest data on overseas Filipino workers’ (OFW) remittances and the country’s balance of payments (BoP) position.
THE PESO weakened versus the dollar on Tuesday as the daily tally of coronavirus disease 2019 (COVID-19) cases increased again and after the government posted a worse-than-expected economic contraction in the third quarter.
THE PESO may climb further versus the dollar this week as the market expects a further decline in cases of the coronavirus disease 2019 and after the Democratic Party’s Joseph R. Biden, Jr. was projected to be the new 46th president of the United States.
THE PESO slipped versus the dollar on Tuesday on data showing the manufacturing industry contracted in October and ahead of the results of the presidential election in the United States.
THE CENTRAL BANK may adjust monetary policy further to support the government’s limited fiscal space and strong balance of payments (BoP) position, Nomura said in a report, but this would result in loose liquidity, a stronger peso and slightly higher government bond yields.
THE PESO weakened slightly versus the dollar on Thursday on data showing increased borrowings from the foreign market and as coronavirus cases in the United States increased.
THE PESO was steady versus the dollar on Wednesday after the House of Representatives transmitted the 2021 national budget bill to the Senate and amid further delays in the passage of a stimulus measure in the United States.
THE PESO strengthened against the dollar on Tuesday as the country logged a balance of payments (BoP) surplus last month and on news that patients in the clinical trials of drug company AstraZeneca Plc showed a positive response to its coronavirus vaccines.
THE PESO strengthened versus the dollar on Monday as the country continued to record fewer cases of the coronavirus disease 2019 (COVID-19) and amid hopes for a vaccine availability in the United States by next month.
THE PESO strengthened against the dollar on Wednesday as the United States government continues talks on a fresh stimulus to boost activity in the world’s largest economy amid the ongoing coronavirus pandemic.
THE PESO strengthened on Monday after the government eased public transportation rules within Metro Manila and as opposition lawmakers in the United States said they expect a deal on a fresh stimulus fund by this week.
THE PESO extended its decline versus the dollar on Thursday after the US Treasury said the passage of a stimulus may be delayed further.
THE PESO weakened further on Tuesday as Congress continued deliberations on the 2021 national budget and amid prolonged talks in the United States on an economic stimulus program amid the coronavirus pandemic.
THE PESO weakened against the dollar on Monday as the market waits for developments in the 2021 national budget deliberations and amid stimulus hopes in the United States.
THE PESO may rise further this week as the market anticipates progress in the 2021 national budget deliberations.
THE PESO strengthened further on Thursday as the market expected the central bank to keep rates steady at its policy meeting set to conclude later in the day.
THE PESO inched up versus the dollar on Wednesday amid the extended implementation of the general community quarantine in Metro Manila and expectations the central bank will keep rates unchanged at its meeting today (Oct. 1).
The Philippine peso is heading for its biggest quarterly gain in a decade and still has scope to appreciate due to positive fund flows,...
THE PESO inched up Tuesday as the government extended current quarantine measures in Metro Manila for another month and after the US government renewed talks on a stimulus package.
THE peso is expected to rise further this week as the government reopens some areas for tourism.
THE PESO strengthened against the dollar on Monday after the country’s current account deficit narrowed in the second quarter and the US Federal Reserve last week said it would keep rates near zero.
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.
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.
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.