Philippine Peso

US Dollar and the PH Peso - Monetary Policy
U.S. dollar rises, lifted by higher Treasury yields

Dollar rises to nearly 3-month high vs yen Euro falls after German elections Focus on Fed speakers this week NEW YORK/LONDON, Sept 27 (Reuters) – The U.S. dollar gained for a second straight session on Monday, bolstered by the rise in Treasury yields ahead of a slew of Federal Reserve speakers this week who could reinforce expectations of the start of asset purchase tapering before the end of the year. U.S. benchmark 10-year Treasury yields hit a three-month high of…

Peso weakens to ₱51 vs. dollar after over a year

Metro Manila (CNN Philippines, September 27) — The Philippine peso slid back to ₱51 against the dollar on Monday after a year and a half, data from the Bankers Association of the Philippines revealed. After appreciating for four straight trading days, the local currency finished ₱51 flat versus the greenback from ₱50.65 on Friday. This is its worst performance since March 26 last year, where the peso closed at ₱51.07 against the dollar. Economists attribute this to officials of the…

(File photo) MANILA – The Philippine peso is seen to get a lift from the expansion of the country’s balance of payment (BOP) position and gross international reserves (GIR). On Thursday, the Bangko Sentral ng Pilipinas (BSP) reported higher BOP, which is the summary of a country’s transactions with the rest of the world, and foreign reserves for August 2021. “Going forward, any improvement in BOP and GIR for the coming months could help provide greater cushion/support/buffer for the peso…

Rising public debts weigh on Thai baht and Philippine peso

The Thai baht and Philippine peso continued their downtrend as both countries increased public debts to help spur their Covid-stricken economies. The baht is currently trading at 33.40 to the dollar, slipping from 33.36 on Monday and 0.3% lower compared with 33.0 on Friday. Over the past five sessions, the currency has shed 1.6% of its value. “THB extended its depreciation for a third session above 33 per USD, closing in on the year’s weakest level around 33.5. Thailand lifted…

Here’s why the U.S. dollar could end up going almost nowhere through the end of 2022

The U.S. dollar may struggle to rise past its current levels through the end of 2022, given the likelihood of an almost two-year gap between when the Federal Reserve may start tapering its bond purchases and its first interest rate increase. That’s the view of analysts at TD Securities, who see the U.S. Dollar Index DXY, +0.28% consolidating through the end of 2022 to 89.0, versus 92.9 on Thursday. They see the U.S. central bank looking past the recent inflation…

Retail Sales strong beat; US Dollar bid continues – City Index

Retail Sales strong beat; US Dollar bid continues  City Index US dollar jumps after strong retail sales report  ForexLive USD/CAD Daily Forecast – US Dollar Moves Higher After Strong Retail Sales Report  FX Empire Forex Today: US dollar sagging over Fed expectations  FXStreet USD to CAD Update: Canadian dollar showing weakness as sentiment remains cautious  Interchange Financial View Full Coverage on Google News…

Dollar sags as weaker-than-expected U.S. inflation continues to weigh – CNBC

Dollar sags as weaker-than-expected U.S. inflation continues to weigh  CNBC FOREX-Dollar sags as weaker-than-expected U.S. inflation continues to weigh  Yahoo Finance US dollar holds as investors await inflation data  The Business Times Dollar drifts as soft inflation raises taper timing questions  Reuters U.S. Dollar Falls On Fed Tapering Delay Expectations  ForexTV.com View Full Coverage on Google News…

U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-Won/File Photo Slew of U.S. data this week ahead of next week’s Fed meeting Euro/dollar hits two-week low Walmart says news on litecoin was fake NEW YORK, Sept 13 (Reuters) – The dollar climbed to a two-week peak against a basket of currencies on Monday, bolstered by expectations the U.S. Federal Reserve could reduce its asset purchases by the end of the…

U.S. dollar rises to two-week high as Fed taper view builds – CNBC

U.S. dollar rises to two-week high as Fed taper view builds  CNBC FOREX-U.S. dollar rises to two-week high as Fed taper view builds  Yahoo Finance US dollar marches higher ahead of inflation data  FXStreet British Pound Softens as Firming US Dollar Eyes CPI for Fed Clues  DailyFX Dollar hits two-week high as Fed tapering expectations grow  Reuters View Full Coverage on Google News…