With the peso expected to appreciate some more in 2013, the Bangko Sentral ng Pilipinas warned against currency speculation and said it would implement measures to prevent the market from misbehaving.
The peso fell slightly on Tuesday amid expectations that the central bank would implement a measure against currency speculation and consequently ease appreciation of the local currency.
The peso rose minimally on Monday as expectations that the central bank would impose another set of measures to curb currency speculation partially offset the impact of a favorable economic outlook on demand for local securities.
The peso fell slightly on Thursday with the central bank insinuating again that it is prepared to counter speculations on the local currency.
