Tag: Peso

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Volatility to persist as PSEi tests support

Markets Context.ph Context.ph -
Philippine financial markets are expected to remain fragile this week, with investors bracing for continued volatility as risk aversion dominates sentiment and the benchmark index struggles to regain footing above key levels.

Peso falls to record low vs USD as Iran retaliates, oil soars

Banking & Insurance Context.ph Context.ph -
The Philippine peso tumbled to a fresh record low on Thursday, breaching the P60-per-dollar mark, as escalating geopolitical tensions in the Middle East and surging oil prices rattled markets and drove investors toward the safety of the US dollar.

Philippine stock to stall near resistance, peso to test lows

Markets Context.ph Context.ph -
Philippine financial markets could face choppy trading ahead as investors weigh technical resistance levels in equities against fresh pressure on the peso from global risks, including elevated oil prices.

Peso pauses, stocks steady on rate cut

Markets Context.ph Context.ph -
The peso’s recent rise is taking a short break, and analysts say that’s normal.

Profit-taking weighs down stocks; peso finish higher

Markets Context.ph Context.ph -
The Philippine Stock Exchange index (PSEi) slid 1.3 percent to 6,384.58, extending profit-taking for a second session after touching seven- to nine-month highs. Even so, the benchmark remains comfortably above the 6,000 mark, keeping the broader uptrend intact and suggesting the pullback is more consolidation than reversal.
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JTI warns tax hikes could fuel illicit cigarette trade

Agriculture 0
Japan Tobacco International (JTI) is warning that further increases in excise taxes on cigarettes could accelerate the decline of the Philippines’ legitimate tobacco market, potentially creating more room for illicit cigarettes to expand.

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