The Philippine peso strengthened for a fifth straight session on Wednesday, sustaining its rise to the 57-level after the holiday break, while the stock market declined anew. The local currency closed ...
THE Philippine peso’s sharp drop against the dollar on Monday reflects a “perfect storm” amid the “risk-off” sentiment from Middle East tensions and higher oil prices. Data from the Bankers’ ...
The Philippine peso fell to a record low as traders viewed comments from the nation’s central bank as dovish. The peso fell as much as 0.2% to 59 per dollar on Thursday, a level it last touched in ...
After the Philippine peso weakened for the fifth straight trading day, the lowest in nearly a month, analysts warned that the local currency may sink to the P59 level against the dollar if global risk ...
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THE PESO appreciated to a new five-month high against the dollar on Wednesday as renewed tariff uncertainty dragged the dollar. The local unit surged by 24.5 centavos to close at P57.51 against the ...
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Why is the Philippine peso so weak and who benefits?
(Bloomberg) -- In early January, the Philippine peso slid to 59.38 per dollar — its weakest level on record. While it has since recouped some losses, officials have signaled a tolerance for further ...
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