Tag: peso
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You win some, you lose some in peso battle
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THE PHILIPPINE peso’s steady decline against the dollar — an almost two-year record low — is no longer a black-and-white case of exporters and other dollar earners winning and heavy corporate borrowers losing big time.
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Peso to remain weak as BSP appears less likely to defend
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THE PESO may remain weak against the dollar as the Bangko Sentral ng Pilipinas (BSP) is not expected to “strongly” defend the currency amid its recent dovish policy signals, Bank of America (BofA) Global Research said. “(The Philippine peso) remains on the weaker side, taking cues from the BSP’s dovish…
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Peso weakness ‘temporary’ — BSP
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THE BANGKO SENTRAL ng Pilipinas (BSP) sees the recent peso weakness as temporary amid the expected delay in the US Federal Reserve’s policy easing.
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Peso slump could derail rate cuts
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THE PESO WEAKNESS could impact the Bangko Sentral ng Pilipinas’ (BSP) policy easing cycle even after inflation has settled within target for a sixth straight month in May, analysts said.
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NG debt rises in April on weak peso
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THE NATIONAL Government’s (NG) outstanding debt returned to the P15-trillion level as of end-April due to the weaker peso, the Bureau of the Treasury (BTr) said.
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Peso slumps to near 19-month low
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THE PESO sank to a near 19-month low on Thursday due to a strong dollar as US Treasury yields surged amid a hawkish US Federal Reserve. The local unit closed at P58.635 per dollar on Thursday, weakening by 21.5 centavos from its P58.42 finish on Wednesday, Bankers Association of the…
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Peso hits 58:$1 as Fed stays hawkish
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THE BANGKO SENTRAL ng Pilipinas (BSP) warned it will intervene in the foreign exchange market as the Philippine peso on Tuesday closed at the 58-per-dollar level for the first time in over 18 months.
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Recto expects BSP to keep rates steady amid weak peso
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LATEST INFLATION DATA and the recent peso performance will likely prompt the central bank to extend its policy pause, Finance Secretary Ralph G. Recto said. “We’ll take a look at the data. So far, the way I see it, unless something changes between now and then, I think (it will…
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Peso weakness to persist — analysts
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THE PESO may continue to depreciate further this year amid broad dollar strength, but the Philippine central bank may not need to intervene yet, analysts said. “The peso’s recent depreciation is a concern, but it’s part of a larger global trend,” Security Bank Corp. Chief Economist Robert Dan J. Roces…