ADB: More BSP hikes may support peso
The ADB expects the BSP to maintain a gradual tightening bias, with further interest rate hikes potentially supporting the peso amid record-low levels,…
· 2 MIN READ
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Latest Daily Tribune news and analysis on peso appreciation news.
The ADB expects the BSP to maintain a gradual tightening bias, with further interest rate hikes potentially supporting the peso amid record-low levels,…
· 2 MIN READ
Further interest rate hikes from the Bangko Sentral ng Pilipinas (BSP) may support the Philippine peso, which has slumped to record lows more than 25 times…
· 2 MIN READ
The PSEi rose 1.67 percent to 5,825.97, ending a five-session losing streak, while the peso strengthened to P62.465 per US dollar.
· 2 MIN READ
The PSEi slumped 12.12 points to 5,843.79, even as the local currency dipped P62.78 vis-a-vis the US dollar amid pressure from elevated oil prices, which…
· 2 MIN READ
The peso fell 17.5 centavos, or 0.28 percent, to a fresh record low of P62.86 per US dollar Monday, while the Philippine Stock Exchange index (PSEi) rose 13.26…
· 2 MIN READ
The peso on Friday weakened 14.5 centavos, or 0.23 percent, to a fresh record low of P62.68 per US dollar – its 24th record low since the onset of the Middle…
· 3 MIN READ
Diversifying exports and attracting manufacturing investment is a decade-long project, but every year Manila delays starting it is another year the peso stays…
· 3 MIN READ
The local bourse rose 0.17 percent to 6,116.53 while the peso appreciated to P62.513 from the previous P62.625 per US dollar. Despite the peso’s recovery,…
· 1 MIN READ
FPI chair Elizabeth Lee says geopolitical risks, higher oil prices and the Philippines' widening trade deficit are adding pressure on the peso.
· 2 MIN READ
The Philippine peso hit a fresh record low of P62.625 against the US dollar as Philippine stocks rebounded, despite cautious investor sentiment and persistent…
· 2 MIN READ
The peso’s recent depreciation may indicate that further tightening from the Bangko Sentral ng Pilipinas (BSP) might be warranted as the Philippine economy…
· 3 MIN READ
Governor Remolona was not talking about the Filipino on the street but rather the Filipino as an aggregate representation of the country’s consumers and firms.
· 4 MIN READ
The peso fell to a fresh record-low close of P62.590 per US dollar on Friday, down 7 centavos, or 0.11 percent, from Thursday’s P62.520, marking its fifth…
· 2 MIN READ
Philippine stocks and the peso rebound as the PSEi rises 0.27 percent to 6,069.42 and the currency strengthens to P62.52 against the US dollar.
· 2 MIN READ
The local bourse shed 40.66 points, reversing part of Tuesday’s 2.31-percent rebound even as the peso slumped to P62.56 from September 1’s P62.40 against the…
· 2 MIN READ
BSP Governor Eli Remolona Jr. says Pax Silica could boost Philippine exports and ease pressure on the peso, but warns the currency is unlikely to return to P60…
· 2 MIN READ
The peso weakened 0.22 percent to a third consecutive record-low close of P62.40 per US dollar on Tuesday, surpassing Friday’s record-low close of P62.265,…
· 2 MIN READ
Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said the planned Pax Silica initiative could help address the country’s persistent trade deficit, which…
· 3 MIN READ