Tag: Peso
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Peso near lows as markets turn defensive
The Philippine peso is again nearing record lows as persistent inflation, geopolitical tensions, and strong US dollar demand continue to pressure local markets. Rizal Commercial Banking Corp. chief economist Michael Ricafort said the peso could retest historic weakness after falling 1.8% this week and approaching the April 30 intraday low of P61.75 against the dollar.
Peso slides, stocks stall as caution builds
Philippine financial markets are in a consolidation phase, with the peso and equities under pressure as tighter monetary conditions and inflation concerns weigh on sentiment.
Peso stalls, stocks drift amid global uncertainty
The Philippine peso edged weaker last week, pausing after two consecutive weeks of gains as the dollar-peso pair settled into a narrow trading band.
Volatility to persist as PSEi tests support
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
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.
