Topic

US dollar exchange rate

Latest Daily Tribune news and analysis on US dollar exchange rate.

  1. The local bourse was pulled down by a lack of fresh domestic catalysts and renewed risks due to the Middle East conflict while the peso’s weakness was driven primarily by continued tensions in the Middle East rather than a broadly strong dollar.

    Stocks, peso slip on lingering uncertainties

    The PSEi fell 0.56 percent to 6,261.80 while the peso weakened to P61.495 against the US dollar as Middle East tensions, elevated oil prices and softer…

    1 MIN READ

  2. FITCH Solutions unit BMI said the peso could weaken further to P63 per US dollar this year as tensions in the Middle East persist. However, the research firm expects the local currency to regain some ground toward the end of the year, supported by stronger holiday remittance inflows, which typically boost demand for the peso.

    Peso may reach P63 per USD amid Gulf risks

    The Philippine peso may weaken to a record P63 against the US dollar, according to BMI, as Middle East tensions, rising oil prices, a stronger greenback and…

    1 MIN READ