Tag: peso

THE PESO is seen to continue appreciating against the greenback as the surprise rate cut last week is expected to support market sentiment.

THE PESO closed sideways versus the greenback on Thursday as investors awaited the central bank’s monetary policy decision, which came after the market’s close.

THE PESO climbed to the P49-per-dollar level on Wednesday as market sentiment improved due to data showing record-high dollar reserves as well as positive leads on the US-China trade deal.

THE PESO weakened further on Tuesday due to a wider budget deficit and uncertainties over the US-China trade deal.

THE PESO weakened against the greenback on Monday on fears over a rise in infections and the economic fallout from the pandemic.

THE PESO is likely to weaken versus the greenback this week amid continued geopolitical tensions and as the market awaits the release of local budget deficit data.

THE peso weakened on Thursday as the market reacted to rising geopolitical tensions in major economies, such as the border clash between China and India.

THE PESO continued to strengthen versus the greenback on Wednesday on news of a $1-trillion stimulus in the US as well as a possible treatment for critical coronavirus patients.

THE peso appreciated versus the greenback on Tuesday on risk-off sentiment after the US Federal Reserve bared plans to buy corporate bonds.

THE PESO weakened versus the dollar on Monday on safe-haven demand amid escalating worries over a second wave of infections and as the market priced in the impact of the pandemic on remittances.

THE PESO is likely to weaken this week amid risk-off sentiment due to worries over second wave infections that could affect the economy.

THE PESO sank back to the P50-per-dollar level on Thursday after the US Federal Reserve said economic recovery will likely come at a slower pace and as investors await announcements on new lockdown measures here at home.

THE PESO rebounded against the greenback on Wednesday on news of a narrower April trade deficit and the unsustained rally of US stocks.

THE PESO retreated for the second straight day on Tuesday after gains in the US stock market and amid signals of a likely pause in easing by the Bangko Sentral ng Pilipinas (BSP).

THE PESO weakened on Monday as sentiment favored the greenback after data on US jobs as well as the extension of oil production cuts.

THE PESO is likely to strengthen further this week as the market prices in data showing the economy is off to a gradual recovery and await developments in legislation on the government’s crisis response.

The peso strengthened to a nearly three-year high against the dollar Friday on increased confidence in an economic recovery as businesses gradually restore operations across the world.

THE PESO strengthened further on Thursday on positive market sentiment amid easing lockdowns.

THE PESO rallied against the greenback on Wednesday to close at its strongest in more than two years following gains in the stock market as well as market optimism on the gradual reopening of economies across the world.

THE PESO depreciated against the greenback yesterday as trade tensions between Washington and Beijing continued to escalate.

THE PESO rallied against the greenback on Monday fueled by positive market sentiment due to the affirmation of the country’s credit rating as well as the recovery in the local manufacturing sector.

THE PESO is likely to weaken this week as markets monitor ongoing tensions between the US and China as well as local developments including inflation and the virus spread.

THE PESO strengthened against the greenback on Friday after the loosening of lockdown measures in the country to gradually reopen the economy.

THE peso closed sideways on Thursday as investors await clearer directions on lockdown measures while continuing to fear further spread of the virus.

THE PESO succumbed to the greenback on Wednesday amid risk-off sentiment due to a wider budget deficit in April and renewed tensions between the US and China.

THE PESO climbed against the greenback on Tuesday amid expectations of a gradual reopening of the economy and profit taking.

THE PESO is likely to weaken this week as markets continue to track heightened tensions between the US and China as well as the upward correction in oil prices.

THE peso weakened Friday on negative market sentiment after a new round of US-China tensions as well as higher oil prices.

THE PESO strengthened further against the dollar on Thursday on news of localized quarantine protocols and amid the ongoing dispute between the US and China.

THE PESO strengthened versus the greenback on Wednesday after oil prices slipped anew and with positive market sentiment due to dovish remarks from US officials.

THE PESO strengthened against the greenback on Tuesday on positive market sentiment due to prospects of a vaccine that could help prevent further spread of the virus.

THE PESO retreated against the greenback on Monday due to risk-off sentiment after the latest developments in the US-China tensions as well as weak US retail data and the continued increase in global oil prices.

THE PESO may weaken this week as markets monitor a possible second wave of coronavirus disease 2019 (COVID-19) infections following the reopening of some economies and following a continued correction in oil prices.

THE PESO weakened against the greenback on Friday after the latest correction in oil prices and the slower growth in cash remittances in February.

THE PESO succumbed to the greenback on Thursday as investors sought safer havens after officials said the US economy will likely see prolonged weakness due to the coronavirus disease 2019 (COVID-19) pandemic.

THE PESO rose further against the greenback on Wednesday, notching its strongest finish since January 2018 amid positive market sentiment on the government’s move to scale up its fiscal stimulus during the pandemic.

THE PESO depreciated slightly against the greenback on Tuesday as investors await clarity on the lifting of lockdown measures and amid risk-off sentiment following new coronavirus disease 2019 (COVID-19) cases in some countries.

THE PESO appreciated against the greenback on Monday on positive market sentiment about the possible gradual easing of lockdown measures and amid market expectations of another rate cut from the US Federal Reserve.

THE peso strengthened Friday after risk-on sentiment returned after positive developments on the US-China trade negotiations as well as signals from the central bank of a pause in monetary easing.

THE PESO weakened on Thursday after data showed first-quarter gross domestic product (GDP) slumped for the first time since 1998 due to global supply chain disruptions and the onset of the Luzon lockdown.

THE PESO strengthened on Wednesday on profit taking and due to positive market sentiment following latest trade data and news of more easing of lockdowns across the world.

THE PESO strengthened on Tuesday on the back of positive market sentiment on easing inflation and amid expectations of another contraction in the US services sector.

THE PESO weakened versus the greenback on Monday amid risk-off sentiment following tensions between US-China’s as well as the further contraction of the local manufacturing sector.

THE PESO continued to strengthen on Thursday on the back of higher dollar reserves and continued risk-on sentiment due to news of the gradual lifting of lockdowns in some parts of the United States.

THE PESO strengthened for the third consecutive day on the back of market optimism on prospects of a gradual reopening of some economies as well as expectations of a dovish stance from the US Federal Reserve.