The Philippine peso plummeted again to a new historic low, brushing the whiskers of the ₱62:$1 level on the back of strong demand for the safe-haven United States (US) dollar and a local market that has turned more sensitive to uncertainties. The peso started the week at a new record low against...
The peso fell to its weakest level on record for a second consecutive day, as persistent inflation in the United States (US) fueled expectations that interest rates will remain elevated, dampening appetite for emerging-market assets. The local currency weakened to ₱61.721 per dollar on Friday,...
The peso slumped to a record low against the dollar on Wednesday, April 29, as the deepening conflict in the Middle East fueled safe-haven demand and clouded the outlook for the country’s trade balance. The local currency finished at ₱61.567 per dollar, according to data from the Bankers...
The peso tumbled to a fresh record low on Tuesday, April 28, breaching the 61-level as a resurgent United States (US) dollar and the broad exodus from emerging-market assets overwhelmed the central bank’s recent efforts to shore up the currency through tighter monetary policy. The peso plunged to...
The peso pierced the ₱61:$1 level on Tuesday, April 28, as the oil-vulnerable local currency continued to weaken amid uncertainties wrought by the prolonged war in the Middle East. As of 1:52 p.m., the peso hit an intraday low of ₱61.08 against the United States (US) dollar after opening...
Investors’ risk-off sentiment amid rising oil prices continued to lift the United States (US) dollar, while the Philippine peso remained on the losing end, plummeting anew to a level approaching the ₱61-per-dollar mark. The peso fell to another record low against the US dollar for the third...
The peso tumbled to a fresh record low on Monday, March 30, extending the persistent slide as regional risk aversion and energy-related vulnerabilities weighed on the currency. The peso depreciated by 14 centavos to close at ₱60.69 against the United States (US) dollar, surpassing the previous...
The peso tumbled to a fresh record low on Friday, March 27, breaching the 60.5-level as geopolitical tensions in the Middle East intensified and the central bank signaled it sees no immediate need to defend the currency. The peso weakened to ₱60.55 per dollar, surpassing the previous historic low...
Just two weeks after hitting a then-record low, the peso plunged again to an all-time low on Wednesday, Nov. 12, as market sentiment turned negative amid public fund governance concerns and lackluster economic growth. The currency finished the third trading day of the week at ₱59.17, weakening...
Due to political turmoil and the ongoing probe into flood control scandals, the Philippine peso depreciated to its weakest level in nearly two months at ₱58:1 against the United States (US) dollar. It closed at ₱58.1 on Thursday, Sept. 25, from ₱57.46 last Wednesday, September 24. This was...
After a four-day losing streak, the Philippine peso continued depreciating against the United States (US) dollar on Thursday, July 31, as it dropped to its lowest in more than five months since February this year. It shed 74 centavos to close at ₱58.32 from ₱57.58 last Wednesday. The last time...
After experiencing a three-day appreciation streak against the United States (US) dollar, the Philippine peso weakened again by shedding almost half-a-peso on Friday, July 25, despite the fresh market optimism over the latest trade deal with the US. According to the Bankers Association of the...
