The peso gained a hefty 19 centavos against the United States (US) dollar on Monday, April 21, closing at ₱56.61 from ₱56.8 last April 16. Philippine markets were closed during the observance of Holy Week. The local currency hit an intraday high of ₱56.48 and a low of ₱56.65 after opening...
Dutch financial giant ING expects the Philippine peso to depreciate against the United States (US) dollar in the near term as the US President Donald Trump-led global trade war rages on and the domestic economy weakens. "We look for the Singapore dollar and Philippine peso to underperform in a...
The Philippine peso's gains against the United States (US) dollar at the start of the year may be erased by the widening current account deficit, according to the World Bank. In its Philippines Monthly Economic Developments report for March 2025, the Washington-based multilateral lender noted that...
The peso's recent relative strength against the US dollar would unlikely last for long amid external and domestic threats, according to Singapore-based United Overseas Bank (UOB). While the local currency had traded flat against the US dollar year-to-date as of the first week of this month, "the...
The US dollar's strength is expected to linger for the rest of the year, potentially hiking borrowing costs for emerging markets like the Philippines, according to the Washington-based Institute of International Finance (IIF). "A strong US dollar will be a key feature of 2025 and beyond. While...
The peso staged a robust recovery against the US dollar following the Christmas break, buoyed by a surge in overseas Filipino remittances and year-end trading activity. According to data from the Bankers Association of the Philippines, the local currency closed at P57.97 on Thursday, Dec. 26, a...
The peso continued its downward slide, depreciating further as it returned to the 59 level against the US dollar. According to data from the Bankers Association of the Philippines, the peso depreciated by 0.01 centavo from Wednesday’s finish of P58.99 against the greenback. During the...
The peso recovered on Friday, Nov. 21, strengthening to P58.87 against the US dollar, following its recent dip to a two-year low of P59. Data from the Bankers Association of the Philippines showed that the local currency appreciated by 13 centavos from Thursday’s closing rate of P59 against the...
The peso has weakened against the US dollar for the third consecutive trading day, closing at P59 on Thursday, Nov. 21, marking its lowest value in two years. According to data from the Bankers Association of the Philippines, the peso depreciated by 0.09 centavos from Wednesday's closing rate of...
The rollercoaster ride on oil price adjustments will have favorable turn for gasoline users this week, as the price of this commodity will be on rollback, based on the estimates of the industry players; while diesel and kerosene will track price uptrend. According to the oil companies, the price of...
There is a silver lining after all amid the country’s energy insecurity dilemma, as oil prices will be on moderate rollback next week - a financial respite badly needed as consumers’ temper flare on consistent threat of rotational power service interruptions. According to the industry players,...
The Bureau of the Treasury reported that digital platforms have tripled the amount of retail dollar bonds (RDBs) raised, in line with the government's digitalization program. In a statement, Sharon P. Almanza, Treasury bureau office-in-charge, said online order-taking platforms generated $2.56...
