PHL shares fall as peso slides to new all-time low - BusinessWorld Online

PHL shares fall as peso slides to new all-time low - BusinessWorld Online

PHILIPPINE SHARES closed lower on Wednesday as the peso finished at a new record low amid renewed inflation concerns, with reignited hostilities between the United States and Iran pushing up global oil prices. The Philippine Stock Exchange index (PSEi) dropped by 0.67% or 40.66 points to close at 6,053.23, while the broader all shares index […]

Philippine peso hits record low as rising oil prices pressure Asian assets

The Philippine stock index falls 1% MSCI EM Asia equities index drops 1.8%; KOSPI tumbles 3% Thai baht touches one-month low The Philippine peso slid to a record low on Wednesday, leading losses among Asian currencies as a global bond market rout and higher oil prices following renewed U.S. attacks on Iran rattled risk sentiment […] The post Philippine peso hits record low as rising oil prices pressure Asian assets appeared first on Interaksyon.

Peso sinks further past 62 to new low

MANILA, Philippines — The Philippine peso fell deeper into the 62-per-dollar territory on Tuesday, reaching another record low as higher oil prices, geopolitical uncertainty and a broadly stronger dollar weighed on the currency. The local currency shed 13 centavos from its previous closing to finish at 62.4 against the dollar, data from the Bankers Association of

PSE Index Falls 0.67% as Peso Hits Record Low Against Dollar

The Philippine Stock Exchange (PSE) index fell 40.66 points, or 0.67 percent, on Wednesday to close at 6,053.23 as the peso weakened for a fourth consecutive trading day to a new record low against the US dollar.

When a Weak Peso Is Not Necessarily Good for Exports - Mindanao Daily News

From the SidelinesBy: Ray G. Talimio Jr. “The peso breaking P62 to the dollar may help exporters earn more pesos, but in an import-dependent economy, that advantage can quickly disappear.” The Philippine peso has crossed another psychological barrier, weakening to around P62.40 to $1, despite the Bangko Sentral ng Pilipinas (BSP) raising its policy rate […] The post When a Weak Peso Is Not Necessarily Good for Exports appeared first on Mindanao …