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The lack of a catalyst resulted in the negative close of the Philippine Stock Exchange index (PSEi) Friday, but the Philippine peso improved against the US dollar. The local bourse’s main index shed 0.
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Peso to rise as Fed woes drag dollar
THE PHILIPPINE PESO is expected to end the year stronger against the US dollar as the greenback remains under pressure due to US President Donald J. Trump’s continued attacks against the US Federal Reserve. MUFG Global Markets Research said they expect ...
AS far back as 2022, the same prediction has surfaced: the Philippine peso will weaken to 60 against the US dollar. Traders whisper, headlines speculate, and politicians demand explanations. In reality,
The Philippine Stock Exchange index (PSEi) rose on Thursday amid the wait-and-see stance of investors, and the peso finished sideways against the US dollar. The main stock index rose 0.11 percent to 6,
MANILA: The Philippine peso rose to its strongest level in almost two years against the dollar, buoyed by weakness in the US currency and oil prices. The peso gained 0.2% to around 55.17 per dollar on Monday (May 26), the highest since August 2023, as the ...
Mexican Peso continues its upward trend for the fourth consecutive day amid favorable risk sentiment. Banxico’s recent rate cut to 10.25% reflects ongoing inflation concerns with forecasts adjusted to 4.7% end for 2024. Moody’s adjustment of Mexico’s ...
Unlike many U.S. dollar-based pairs, the Mexican peso (MXN) has enjoyed a robust performance against the U.S. dollar (USD) this year. As of Nov. 20, the Mexican peso has roared in value by 6.74% against the greenback over the year to date—one U.S. dollar ...