Tag: Philippine peso

PHL peso plunges to new record low of P57.43 to a dollar

  (Eagle News) – The Philippine peso plunged to a new record low against the US dollar at P57.43 on Friday, September 16. The previous lowest closing of the peso was recorded on Sept. 8 when the peso went down to P57.18 to a US dollar. According to data from the Bankers’ Association of the Philippines (BAP), intraday trading saw the peso even going as low as P57.44 against the dollar. It settled at P57.43 […]

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PHL inflation for 3rd quarter averaged at 6.2%, higher than 2nd quarter’s 4.8% – BSP

  (Eagle News) — The country’s inflation for the third quarter was recorded at an average of 6.2 percent which is higher than the previous quarter’s average of 4.8 percent, according to data released Friday, Oct. 19, by the Bangko Sentral ng Pilipinas. BSP Officer-in-Charge Maria Almasara Tuaño-Amador said in a press briefing in Manila that this has brought the inflation for this year to date at 5 percent. Dennis Bautista, officer-in-charge of BSP’s Economic […]

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Yen slips on intervention threat, peso up after Philippine vote

TOKYO, Japan (AFP) — The yen weakened Tuesday as Japanese officials ramped up a bid to tame the surging currency, while the Philippine peso ticked higher with anti-establishment firebrand Rodrigo Duterte set to become the country’s new president. After soaring to 18-month highs against the dollar, the yen has sagged as officials threaten to intervene in currency markets to stop its “speculative” rally. On Tuesday, finance minister Taro Aso repeated warnings about possible action, after saying […]

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