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Philequity Corner – Wilson Sy – The Philippine Star November 22, 2021 | 12:00am The US dollar surged to its highest level in 16 months as investors weighed in on the possible Fed tightening as early as mid-2022. This is well ahead of the contemplated moves of other major central banks. Last Friday, Fed vice chair Richard Clarida said that it may be appropriate for policymakers to discuss whether it is time to “speed up the tapering of bond-buying after…

Peso gains ground vs dollar at P49:$1

Read this in The Manila Times digital edition. THE Philippine peso had its strongest day in almost two months after returning to the P49 to a US dollar territory on Friday. The local currency ended the day at $49.85:$1, up 31 centavos from the previous day’s close of P50.16. It hasn’t reached this level since September 15 of this year, when it closed at P49.79 to $1. The peso tracked regional advances, but outperformed peers, according to ING Bank Manila…

EMERGING MARKETS-Thai baht leads Asian FX higher, Philippine stocks at 20-month high on GDP surprise

* Philippine stocks up for 6th session * Thai baht hits 2-month high * Taiwan stocks lead equity gains, up 0.8% By Arundhati Dutta Nov 9 (Reuters) - The Thai baht led gains among emerging Asian currencies on Tuesday as the dollar dipped ahead of U.S. inflation data, while Philippine shares rose as the country's economic growth slowed less-than-expected in the third quarter. Broadly, Asian currencies gained with Wednesday's inflation print expected to show a large rise in prices, and…

1 of 13 PESO’S ADVANCE STOPS: From October 2018 to June 2021, the Philippine currency has advanced against the US dollar. For most of 2020, the Philippine peso was on the rise. This 2021, the previous year’s gains were shed off. Image Credit: Reuters 2 of 13 DROP: From Php47.65 on October 27, 2020, the peso dropped to 50.7426 on July 19, 2021. The Philippine currency lost 4% in the second quarter. It slid further to 51.0291 on September 27,…

EMERGING MARKETS-S.Korea’s won and Philippine peso rise, U.S. inflation in focus

* S.Korea's won firms nearly 0.5% * Philippine peso, Singapore dollar appreciate * Singapore's MAS to make no changes to policy - Reuters poll * U.S. Sept inflation data awaited By Sameer Manekar Oct 13 (Reuters) - South Korea's won and Philippine peso appreciated modestly on Wednesday as the U.S. dollar eased slightly from its near one-year highs as markets awaited U.S. inflation numbers, while most other Asian currencies treaded water. The U.S. dollar is being supported at its near…