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Euro holds up against dollar in Asia

Trader James Doherty, left, and specialist Frank Masiello work on the floor of the New York Stock Exchange Monday, June 23, 2014. Stocks are edging lower in early trading after indexed closed last week at record highs. AP

The euro held up against the dollar in Asia on Tuesday despite poor economic data for the 18-nation eurozone pointing to slowing growth.

Posted: June 24th, 2014 in Latest Business Stories | Read More »

Peso may fall to P46 against US dollar by end of 2014—UBS

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AFP file photo

The peso might depreciate to the 46 level against the US dollar by this yearend and further to 47 by the end of 2015 due to a “pretty loose” local monetary policy, the bottoming out of US interest rates and some oil price pressures, an economist from Swiss investment bank said.

Posted: June 23rd, 2014 in Latest Business Stories,Money | Read More »

Foreign exchange reserves rose to $79.96B in May ’14

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The country’s foreign exchange reserves slightly rose to $79.957 billion at end-May, preliminary Bangko Sentral ng Pilipinas (BSP) data released on Friday showed.

Posted: June 7th, 2014 in Editor's Pick,Headlines | Read More »

Dollar up in Asia on US jobs data, Ukraine deal

AFP FILE PHOTO

The dollar rose in quiet Asian trade Friday, winning support from positive US jobs data and a deal between Russia and the West aimed at easing tensions in Ukraine.

Posted: April 18th, 2014 in Latest Business Stories | Read More »

Dollar edges up after Crimea breakaway vote

AP FILE PHOTO

The dollar edged higher in Asia on Monday as investors track events in Eastern Europe after Crimeans voted to break away from Ukraine and join Russia, sparking threats of sanctions from the West.

Posted: March 17th, 2014 in Latest Business Stories | Read More »

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