Peso hits record-low close of P63.06 as stocks rebound
The Philippine peso sank to a record-low close of P63.06 per US dollar on Thursday, breaching the P63 level for the first time, as the war in the Middle East…
· 2 MIN READ
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Peso P63 per US dollar
Latest Daily Tribune news and analysis on Peso P63 per US dollar.
Week’s trading session opens with strengthened stocks, peso
The local bourse advanced for a second consecutive session, rising 42.19 points to 5,743.18 even as the peso strengthened modestly, to close at P62.760, from…
· 2 MIN READ
PSEi retakes 5,700 as peso strengthens from record low
The Philippine Stock Exchange Index (PSEi) gained 1.61 percent to close at 5,700.99 on Friday, while the peso strengthened to ₱62.801 per US dollar after…
· 2 MIN READ
Peso slumps to new record low as stocks tumble
The Philippine Stock Exchange Index (PSEi) fell 126.30 points, or 2.20 percent, to 5,610.39 on Thursday, while the peso weakened 15 centavos, or 0.24 percent,…
· 2 MIN READ
PSEi rebounds 1.05% after inflation-driven selloff
The local bourse perked up, rising 59.57 points to 5,736.69 even as the peso firmed up, P62.750 vis-a-vis the US dollar, from the previous P62.771 close.
· 2 MIN READ
Stocks slide for five days straight; peso strengthens
The PSEi extended its losing streak to five sessions as investors weighed rising inflation risks, weak Philippine manufacturing activity, high oil prices and…
· 1 MIN READ
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
ADB: More BSP hikes may support peso
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
PSEi snaps losing streak as peso strengthens
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
PSEi, peso weaken amid oil, MidEast risks
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
Peso hits 25th record low as oil, Fed bets weigh
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
Peso slump may call for more BSP hikes
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
Peso’s real reckoning
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
PSEi rises as peso rebounds from record low
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
Peso slide deepens on oil shock, trade gap
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
Peso hits record low
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
Peso slump may call for more BSP hikes
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