Remolona: BSP not hiking rates to defend peso
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. maintained the central bank’s hands-off approach to the Philippine peso, saying it does not use…
· 2 MIN READ
Topic
Peso strengthening
Latest Daily Tribune news and analysis on Peso strengthening.
Peso plunges to fresh record low as PSEi extends recovery
The peso plunged 27.1 centavos, or 0.43 percent, to a record low of P63.361 per US dollar on Wednesday, even as the Philippine Stock Exchange Index (PSEi) rose…
· 2 MIN READ
Peso sets another record low, stocks gain
The Philippine Stock Exchange Index (PSEi) gained 0.26 percent to 5,797.90 on Monday as investors bought discounted shares amid easing global oil prices. The…
· 2 MIN READ
Peso sets another record low as stocks gain
The Philippine Stock Exchange Index (PSEi) rose 14.98 points, or 0.26 percent, to 5,797.90 on Monday, while the peso weakened 10.5 centavos, or 0.17 percent,…
· 2 MIN READ
50-point rate hike seen as peso weakens further
The Bangko Sentral ng Pilipinas may consider a 50-basis-point interest rate hike as the peso weakens past ₱63 against the US dollar, according to BPI lead…
· 2 MIN READ
Peso eases from record low as stocks soar
· 1 MIN READ
Peso hits record-low 63.06 vs greenback
The peso has depreciated about 8.6 percent from its 28 February close of P57.66, shortly before tensions escalated.
· 2 MIN READ
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
PSEi falls 0.73 percent as peso weakens
The market retreated, falling 41.64 points to 5,701.54 after two consecutive sessions of gains, with investors remaining cautious amid growing expectations…
· 2 MIN READ
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