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Argentina to sell up to $7.5 billion from IMF in FX...

Argentina plans to sell as much as $7.5 billion in the foreign exchange market to support budget expenditures once it gets access to a...

BSP looks at further easing of FX rules

WORK is under way for fresh easing of foreign exchange restrictions, with changes being prepared by the central bank meant to simplify the entry and withdrawal of investments.

Peso gains on dollar weakness

The peso strengthened anew on Wednesday, June 6, as the dollar slipped due to the stronger euro and ahead of the US trade balance...

Peso strengthens on inflation data

The peso strengthened against the dollar on Tuesday, June 5,  following the slower-than-expected inflation print in May. The local unit closed the session at P52.40...

Peso ends higher as overseas tensions ease

The peso rebounded against the dollar on Thursday anew as political tensions abroad eased. The local unit ended the session at P52.52 against the dollar,...

India, Indonesia among Asia’s most debt risky nations

THE PHILIPPINE Institute for Development Studies (PIDS) wants to broaden the level of transparency in the government's foreign investment negative list.

Peso weakens vs dollar amid rising geopolitical tensions in Europe

The peso weakened against the dollar on Tuesday, May 29, anew as geopolitical uncertainties in Europe rose. The local currency ended Tuesday's session at P52.64...

Peso firms up against dollar on profit taking

The peso regained strength against the dollar on Monday, May 28, as investors took profits following the local currency's near-12-year low last week. The peso...

Peso hits new 12-year low amid trimmed bank reserve requirement, Korea...

The peso dipped against the dollar, recording a new near 12-year low on Friday following the reserve requirement cut of the local central bank. The...

Peso slides further after release of Fed minutes

The peso dipped against the dollar on Thursday, May 24, following the release of the minutes of the US Federal Reserve's May policy meeting. The...

Peso plunges to new low ahead of ‘likely hawkish’ Fed minutes

The peso plunged against the dollar anew on Wednesday, May 23, on the back of President Donald J. Trump's statement on the trade talks...

Peso rebounds on profit taking

The peso bounced back against the dollar on Tuesday, May 22, due to profit-taking following the local currency's closing in its near 12-year low. The...

Beyond the dollar everything’s ‘just noise’ for emerging markets

As if emerging-market investors didn’t have enough to worry about -- with political flare-ups and central-bank surprises galore -- the dollar’s strength is poised...

IMF says will move quickly on Argentina loan; no details yet

Washington -- The International Monetary Fund will move quickly to agree on a loan program to support Argentina but there are no details yet...

Peso dips as trade war tensions subside

THE PESO weakened on Tuesday, May 15, over indications of easing US and China relations after US President Donald J. Trump's pronouncements on extending...

Peso seen to weaken as dollar strengthens on mixed data

The peso will likely weaken this week as the dollar is seen to remain "relatively strong" amid mixed data. On Friday, May 11, the peso...

Peso weakens on central bank’s ‘dovish’ remarks

The peso weakened against the dollar on Friday, May 11, following the "dovish" remarks from the Bangko Sentral ng Pilipinas (BSP). The peso closed the...

Peso tracks weakness of other currencies’ vs dollar

The peso slipped on Wednesday, May 9, retreating to the P52 level, as the dollar strengthened across a band of currencies and amid the...

Peso inches up as investors await BSP policy meeting

The peso inched higher against the dollar on Tuesday, May 8, ahead of the local monetary policy meeting as well as inflation data in...

Peso ends the week flat as inflation accelerates

The peso moved sideways against the dollar on Friday, May 4, following the faster inflation print in April. The local currency ended at P51.675 versus...

China is weakening its currency before US trade talks begin

China weakened its daily currency fixing by more than traders and analysts had expected before high-ranking US officials arrive in the country to discuss...

Peso strengthens on positive PHL economic outlook

The peso surged to its nearly three-month high against the dollar on Monday, April 30, following the upgraded economic outlook for the Philippines given...

Peso weakens vs dollar amid higher US Treasury yields

The peso sank to a one-month low on Tuesday, April 24, as the dollar strengthened on the back of higher US Treasury yields. The local...

Dollar advances as Treasury yields flirt with 3%

The dollar rallied at the start of a week packed with catalysts, from economic data to new debt supply, as the yield on benchmark...

Peso declines as trade war tensions cool

The peso plunged to a one-month low on Monday, April 23, as the dollar gained strength, propped up by rising bond yields in the...

Peso ends the week flat amid lack of leads

The peso moved sideways on Friday, April 20, generally unchanged from the previous day’s level due to lack of leads. The local unit ended the...

Peso dips after Philippine stocks plummet

The peso weakened against the dollar on Thursday, April 19, as the local bourse dipped intraday. The local currency ended at P52.10 versus the greenback,...

Peso weakens on strong US housing data

The peso weakened slightly against the dollar on Wednesday, April 18, on the back of strong US housing data as well as the easing...

Peso rises on upbeat data from US, China

By Karl Angelo N. Vidal, Reporter The peso strengthened slightly against the dollar on Tuesday, April 17, as the pair traded sideways on the back...

Peso sinks on weaker remittance data

The peso weakened against the dollar on Monday, April 16, as the money sent home by Filipinos overseas was weaker than expected in February. The...

Peso inches up on weak US jobs data

The peso slightly strengthened against the dollar on Tuesday, April 10, touching the P51 level intraday, due to weaker-than-expected jobs data in the US. The...

FX reserves thin but buffer to external shocks sufficient

THE COUNTRY’s buffer to external financial shocks remained sufficient despite thinning by end-March to its lowest monthly level in more than three years as...

Peso barely moves as inflation picks up

The peso slightly strengthened against the dollar on Thursday, April 5, following the faster inflation print in March. The local currency ended Thursday's session at...

Peso weakens on China tariffs

The peso slightly weakened anew against the dollar anew following the new tariffs imposed by China against the US. The local currency ended at P52.12...

Peso slightly weakens on bargain hunting

The peso weakened slightly against the dollar, although it breached the P51 level intraday, as concerns on a possible trade war between the US...

Peso strengthens on China tariff response

The peso strengthened against the dollar on Monday, April 2, as inflows continue to support the local currency. The local currency ended Monday's session at...

Peso weakens ahead of trading break

The peso weakened against the dollar on Tuesday, March 27, in preparation of the market inflow on Wednesday. The local currency ended Tuesday's session at...

As trade war heats up, biggest currency whales make their move

For the first time in a decade, the world’s central banks are looking beyond the dollar to build their currency reserves. With US protectionism on...

BSP unveils new designs for peso coins

The Bangko Sentral ng Pilipinas (BSP) has rolled out new designs for coins, with the new currency series to all come in silver but...

Peso weakens on latest trade war fears

The peso slumped against the dollar on Friday, March 23, as President Donald J. Trump imposed tariffs against China. The local currency closed at P52.39...

Peso weakens after BSP, Fed rates decisions

By Karl Angelo N. Vidal, Reporter The peso weakened against the dollar on Thursday, March 22, as the market expects the Bangko Sentral ng Pilipinas...

Peso weakens as investors await Fed rate outlook

The peso weakened against the dollar on Wednesday, March 21, as investors expect the US Federal Reserve (Fed) to hike its interest rates, which...

Peso inches up as investors await Fed decision, BSP policy meeting

The peso strengthened slightly against the dollar on Tuesday, March 20, as investors stayed on the sidelines ahead of the monetary policy meetings of...

Peso falls amid cautious trade

The peso weakened against the dollar on Monday, March 19, ahead of the monetary policy meeting of the US central bank. The local currency ended...

Peso strengthens as US political turmoil sparks trade-war risk

The peso strengthened against the dollar on Thursday, March 15, as investors stayed on the sidelines amid the geopolitical noise coming from President Donald...