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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…

EMERGING MARKETS-South Korean won, Philippine peso gain among subdued Asian FX

Sept 3 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0202 GMT. Currency Latest Previou Pct bid s day Move Japan yen 109.890 109.92 +0.03 Sing dlr 1.343 1.3423 -0.04 Taiwan dlr 27.677 27.732 +0.20 Korean won 1157.100 1161.5 +0.38 Baht 32.450 32.429 -0.06 Peso 49.640 49.705 +0.13 Rupiah 14265.000 14270 +0.04 Rupee 73.058 73.0575 0.00 Ringgit 4.153 4.156 +0.07 Yuan 6.461 6.4561 -0.07 Change so far in 2021 Currency Latest End Pct bid…

EMERGING MARKETS-Philippine peso weakens; Indian rupee near 3-month high

* Peso weakens most in nearly four weeks * Indian rupee at highest since June 11 * China factory activity contracts in Aug By Sameer Manekar Sept 1 (Reuters) - The Philippine peso led losses among largely mixed currencies in Asia as a raft of weak regional data weighed on sentiment, while the Indian rupee strengthened on Wednesday to its highest in nearly three months on strong quarterly economic growth. Equities in the region were also mixed, with India's Nifty…

Easing virus woes lift Asia FX view; baht bears at 6-month low – Reuters poll

By Shashwat Awasthi 4 Min Read (Reuters) – Bearish bets on Thailand’s baht hit a more than six-month low, while investors turned bullish on some emerging Asian currencies after months, a Reuters poll showed on Thursday, as worries around COVID-19 ease and vaccinations pick up pace. FILE PHOTO: Thai baht notes are seen at a Kasikornbank in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha Countries, including Malaysia, Indonesia, and Thailand, have seen a drop in infections, enabling them to relax…

EMERGING MARKETS-Philippine peso softens; Asian FX mixed ahead of US jobs data

* Peso depreciates for a second day * South Korean won slips from a near three-week high * Thai baht slides 0.4%, stocks flat By Sameer Manekar Sept 2 (Reuters) - The Philippine peso led declines among mixed Asian currencies on Thursday as growth concerns due to rising coronavirus cases weighed on sentiment, while traders awaited U.S. jobs data for clues on the Federal Reserve's tapering timeline. The South Korean won snapped a four-day winning streak and slipped from a…