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Peso plunges to one-month low

THE PESO plunged against the dollar on Wednesday as wider trade deficit and slow remittance growth dragged the currency down. The local currency ended yesterday’s...

Peso down on remittances

THE PESO slumped against the dollar on Tuesday as central bank data showed remittance growth slowed in November. The local currency closed the session at...

Peso rises as dollar consolidates

THE PESO strengthened slightly against the dollar on Monday as the greenback weakened against other major and regional currencies. The local currency moved sideways to...

Peso to move sideways

THE PESO will likely move sideways against the dollar this week amid the greenback’s sustained weakness on the back of mixed US economic data...

Peso declines on bargain-hunting

THE PESO dropped against the dollar on Friday due to bargain-hunting in the afternoon session and despite softer US producer prices data as well...

Peso inches higher against dollar

THE PESO inched higher against the dollar on Thursday due to reports of China slowing down its purchases of US Treasury bonds and amid...

Peso extends decline vs dollar

THE PESO continued to decline against the dollar yesterday following the release of local trade data for November, which further underscored the “weakness” in...

Peso weakens further as players position ahead of Fed rate...

THE PESO extended its decline against the greenback and sank deeper within the P50-per-dollar level on Tuesday as market players position ahead of expected...

Peso slumps to P50:$1 level anew on stable US unemployment data

THE PESO plunged against the dollar on Monday, returning the P50 level, due to strong US unemployment data released last week. The local currency closed the...

Peso may weaken on mixed data

THE PESO is expected to weaken against the dollar this week amid mixed US economic data, although this might be tempered by continued optimism...

Peso hits six-and-a-half month high but ends session weaker

THE peso rallied to a six-and-a-half month high against the dollar in intraday trade on Friday after latest government data showed inflation remained subdued...

Peso slips as Fed minutes bare upbeat US outlook

THE PESO slipped against the dollar, breaking its eight-day streak, due to the upbeat outlook on the US economy in the minutes of the...

Peso rises to new six-month high

THE PESO continued to strengthen against the dollar as trading resumed on Wednesday amid uncertainty over the US Federal Reserve leadership. The local currency closed the...

Peso expected to start the year on a strong note on...

THE PESO is seen to start the new year stronger against the dollar as it is boosted by the continued influx of remittances. On Friday,...

Peso returns to P49:$1 level on tax concerns

THE PESO grew stronger against the dollar on Thursday, returning to the P49 level for the first time in more than six months, as...

Peso climbs to six-month high on positioning before yearend

THE PESO soared against the dollar on Wednesday, hitting its strongest level in six months as it briefly breached the P49 level intraday, as...

Peso may climb on remittances

THE PESO is expected to strengthen this week as remittances continue to pour in amid uncertainty on the US tax reform law. The local currency...

Peso gains on remittance flows

THE peso ended the week stronger against the dollar lifted by remittances that also tempered the dollar’s earlier gains from news of strong US...

Peso strengthens further on profit taking ahead of holidays

THE PESO continued its rally against the dollar on Thursday as market players took profits ahead of the holiday season. The local currency closed the...

Peso extends climb against dollar

THE PESO extended its climb against the dollar on Wednesday as the market continued to cheer the enactment of the government’s tax reform package...

Peso strengthens on tax bill signing

THE PESO closed stronger against the dollar on Tuesday following the signing of the government’s tax reform bill into law. The local currency closed the...

Peso declines as markets await US tax bill passage

THE PESO moved sideways against the dollar on Monday amid upbeat sentiment on US tax cuts. The local currency closed the session at P50.48 versus...

Peso to drop on upbeat US data

THE PESO is expected to slide this week due to positive developments on the US tax bill, as well as the upbeat expectations on...

Remittances rise to $2.27B in October

By Melissa Luz T. Lopez, Senior Reporter CASH remittances recovered in October to a two-month high, the central bank reported on Friday, as overseas Filipino...

Peso inches higher as market consolidates

THE PESO continued to inch higher against the dollar on Friday as the market consolidated amid stronger-than-expected US retail sales data. The local currency closed...

Peso edges up as Fed hikes rates

THE PESO continued to move sideways against the dollar on Thursday as positive developments on the Philippine tax reform package tempered effects of the US Federal...

Peso sideways ahead of Fed decision, BSP meet

THE PESO moved sideways against the dollar on Wednesday as the market was cautious ahead of the result of the US Federal Reserve meeting. The...

Peso slips against dollar

THE PESO slipped against the dollar yesterday as the Philippines posted its biggest monthly trade deficit on record. The local unit closed at P50.51 against...

Peso up on Fitch upgrade

THE PESO strengthened against the dollar on Monday following the upgrade given by Fitch Ratings to the Philippines. The local currency ended yesterday’s session at P50.36, 14...

Peso to weaken vs dollar

THE PESO is seen to slide against the dollar this week due to upbeat US economic data as well as the expected interest rate...

Peso stronger amid progress on tax reform

THE peso rose against the dollar on Friday on the back of positive developments in the tax reform program in Congress. The peso ended the...

Peso up ahead of US jobs data

THE PESO moved sideways against the dollar on Thursday due to profit taking ahead of the US non-farm payrolls data. The local currency rose to P50.65 against...

Peso extends decline vs dollar

THE PESO plunged against the dollar on Wednesday due to upbeat sentiment on the US tax package and cautiousness over US employment data. The local...

Peso edges higher on profit taking, slower inflation

THE PESO moved sideways against the dollar on Tuesday due to profit taking and as data showed inflation eased last month. The local currency finished...

Peso weakens on US tax reform

THE PESO traded weaker against the dollar on Monday on the back of the passage of the US tax plan. The local unit finished at...

Peso to move sideways amid mixed US reports

THE PESO will likely move sideways against the dollar this week as market players expect US economic data due for release to be mixed. On...

Peso drops due to upbeat US data

THE PESO ended its rally against the dollar on Friday due to upbeat US economic data as well as profit-taking. The local currency finished at...

Peso strengthens further as tax bill gains traction

THE PESO continued its rally against the dollar on Wednesday on the back of positive sentiment on the passage of the Philippine tax reform bill. The local...

Peso sustains climb

THE PESO continued to soar against the dollar on Tuesday to hit its highest level in over three months as anticipation over the Philippine...

Peso strengthens ahead of Powell hearing

THE PESO surged against the dollar on Monday as the greenback performed weak in Asian trading. The local unit closed at P50.51 against the greenback yesterday, gaining...

Peso expected to weaken

THE PESO is expected to weaken against the dollar this week, with Federal Reserve (Fed) officials likely to deliver hawkish speeches amid mixed perceptions...

Peso weakens amid US rate hike concerns; losses limited by remittances

THE peso closed weaker after the dollar strengthened in Asian trading on concerns US rates may head higher. The peso closed at P50.72 against the...

Peso weakens on dovish Fed

THE PESO failed to sustain its rally against the dollar on Thursday amid the dovish tone of the minutes of the latest US Federal Reserve meeting. The...

Peso extends climb

THE PESO continued its rally against the dollar on Wednesday amid market caution over developments in the US. The local currency closed at P50.62 against the greenback...

Peso climbs on US tax concerns

THE PESO strengthened against the dollar yesterday on the back of the local bourse’s performance, as well as recent political developments in the US. The...