peso – Thinking Port

Peso hits nearly 2-mo low on Covid-19 fears

February 26, 2020 admin covid-19 fears, peso, Top Business

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Wed, 26 Feb 2020 17:28:40 +0000

THE Philippine peso dropped to its weakest in almost two months, returning to P51 against the US dollar on Wednesday. The local currency, which opened at P51.08 versus the greenback, lost 7 centavos to close at P51.03. It was the peso’s softest finish since the P51.09:$1 closing on January 3. Union Bank of the Philippines […]

Manila News

Peso strengthens to P52/$1 level

August 1, 2018 admin Business, currencies, latest stories, peso, Philippine peso, Today's Breaking News

THE Philippine peso strengthened on Thursday, returning to the P52:$1 level in morning trade. The currency opened at P52.98:$1, up 7 centavos from Wednesday’s P53.05 rate. ING Bank Manila senior economist Joey Cuyegkeng said two developments account for the recovery of the local currency. “Market expectations of an aggressive BSP (Banko Sentral ng Pilipinas) policy rate action and external positive […]

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