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Pesos Filippino

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Philippine Peso Slump a Relief to Exporters - Bloomberg

Read: Weak Peso, Trade Gap Are Boon to Philippines, Finance Chief Says. Shipments of electronics and semiconductors are forecast to rise 6 percent this year even as total exports contracted for a fifth month in May, Lachica said. The 320-member SEIPI, ... Leggi

The Philippine Peso Needs a More Hawkish Central Bank - Bloomberg

While ING Groep NV and Nomura Holdings Inc. expect the BSP to tighten this week, Scotiabank predicts the central bank to keep rates on hold and the peso to fall toward 54 ahead of the policy meeting. The currency traded at 53.27 against the dollar ... Leggi

Peso holds ground, local stocks shed anew - pna.gov.ph

MANILA -- The Philippine peso finished almost unchanged against the US dollar Monday but the Philippine Stock Exchange index (PSEi) tracked the slide of its regional peers. The local unit finished the week's first trading day at 53.53 from last Friday ... Leggi

Should we worry about the Philippine peso? - Rappler

First Metro and UA&P noted that the growth of the United States economy, foreign selling, and the Philippines' trade deficit have been pushing the peso downward. The US dollar has strengthened since the end of the 1st quarter of 2018. "Apart from the ...altro » Leggi

Philippine peso to hit P54 to $1 – BMI Research - Rappler

"The Philippine peso continues to be the worst performing currency in the region, having weakened by more than 7% against the US dollar year-to-date," said BMI Research on Wednesday, June 27. (READ: Should we worry about the Philippine peso?). Leggi

Dollar weakness gives boost to Philippine peso - GMA News

The Philippine peso recovered against the greenback on Tuesday, as the dollar traded on a weak note against select currencies. The local currency gained 5.5 centavos to close at P53.375:$1 from of P53.43 on Monday. “The peso strengthened today as an ... Leggi

Falling Philippine peso sets off alarms - The Straits Times

The Philippine peso is in freefall against the greenback, setting off alarm bells over the strength of the economy amid a growing trade deficit and rising prices. The currency hit a 12-year low of 53.23 to the United States dollar last Wednesday, and ... Leggi

Philippine economy to sustain growth momentum – First Metro - Rappler

Arjonillo said the Philippine peso will remain weak and will likely trade at an average of P53.90 against the US dollar. "The peso depreciation is actually not bad for an economy like ours. In fact, its impact in both the short and medium terms is ... Leggi

[OPINION] Why is the Philippine peso the weakest in ASEAN? - Rappler

A weakening peso is symptomatic of other things happening in the economy. Most importantly, it suggests we are increasingly becoming a net borrower from the rest of the world, owing to our colossal import bill boosted by Duterte's 'Build, Build, Build'.altro » Leggi

Philippines: Overseas remittances rise but is it enough? - ING Think

Overseas Filipino worker (OFW) remittances rose 6.9% in May but slowed form the 12.7% rebound in April. The average monthly growth rate for the five months is back to 4.2% which is in line with the more normal pace of 4% to 5% growth. Remittances from ... Leggi