MANILA, Philippines — The Philippine peso fell to a new record low against the dollar on Monday, the first trading day of the week. This developed as US Treasury yields continue to rise amid mounting expectations of interest-rate…
MANILA, Philippines — A new record low. That is how far the Philippine peso tumbled on Tuesday as the dollar gained amid the ongoing Middle East war. READ: Peso sets record low finish of 60.69 vs dollar…
MANILA, Philippines — Just a day before it had regained ground, the Philippine peso slipped back to 60 per US dollar. This marked another bout of volatility for the local currency amid the escalating Middle East war. READ:…
MANILA, Philippines — The Philippine peso nearly reached the P60-per-dollar level after weakening to a a new record low on Monday, with the Bangko Sentral ng Pilipinas (BSP) reportedly intervening to temper further losses. This as Energy…
MANILA, Philippines — The prolonged war in the Middle East pushed global energy prices higher and fueled a flight to safe-haven assets, causing the Philippine peso to sink to a new record low on Monday. The local…
Malacañang on Wednesday said it is closely coordinating with the Bangko Sentral ng Pilipinas (BSP) and the country’s economic team to address the peso’s continued depreciation. …
MANILA, Philippines — As market confidence has remained weak amid lingering governance issues at home, the Philippine peso then fell on Wednesday to a new record low against the US dollar. The local currency closed at 59.17…
MANILA, Philippines — The peso hit its lowest intra-day trading level in history at 59.20 against the US dollar. The peso decrease was due to concerns on the country’s growth prospects amid the ongoing crackdown on anomalies…
MANILA, Philippines — Local shares declined while the peso weakened Wednesday, ahead of the Federal Open Market Committee (FOMC) and the Bangko Sentral ng Pilipinas (BSP) Monetary Board meetings. The Philippine Stock Exchange index (PSEi) fell by…
The Philippine peso on Thursday, Nov. 21, plummeted to a record-low of 59 to a dollar, a level not seen in over two years, as the strong dollar, bolstered by the US presidential elections, continued to impact…
File photo The Philippine peso bounced back to the 55-level against the weaker US dollar on Friday, marking its strongest close in nearly six months. This comes as new data supported the early easing by the Bangko…
The Philippine peso is expected to strengthen to 57 per US dollar in the third quarter as the US economy shows signs of slowing down. According to a quarterly forecast by London-based Capital Economics, the peso may…
