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Dollar edges up after Crimea breakaway vote

The Philippines prepaid more foreign debts in 2013 than the year before, thus causing its outstanding obligations to non-Filipino creditors to decline. 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 »

Dollar range bound in Asia

The Philippines prepaid more foreign debts in 2013 than the year before, thus causing its outstanding obligations to non-Filipino creditors to decline. AP FILE PHOTO

The dollar was range bound against other major currencies in Asian trade Monday as investors awaited key US economic data due later this week for clues about the state of the world’s largest economy.

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

Dollar firms in Asia after US growth data

The Philippines prepaid more foreign debts in 2013 than the year before, thus causing its outstanding obligations to non-Filipino creditors to decline. AP FILE PHOTO

The dollar rose in Asia Friday following better-than-forecast US growth figures, which also eased concerns about emerging markets after a heavy sell-off this week.

Posted: January 31st, 2014 in Latest Business Stories | Read More »

Dollar edges up in Asia after New York sell-off

The Philippines prepaid more foreign debts in 2013 than the year before, thus causing its outstanding obligations to non-Filipino creditors to decline. AP FILE PHOTO

The dollar edged up against the yen in Asia on Friday after plunging on weak Chinese data which sparked worries over emerging markets.

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

Peso seen to visit 46:$1 territory

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The peso may test the 46-to-$1 level in the coming weeks as investors continue to flee emerging markets like the Philippines on the promise of improving yields in advanced markets such as the United States and Europe.

Posted: January 23rd, 2014 in Headlines | Read More »

BSP unfazed by depreciating peso

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The continued weakening of the peso should not surprise investors given uncertainties in global financial markets that have sent most, if not all emerging market currencies down against the surging US dollar.

Posted: January 19th, 2014 in Headlines | Read More »

Peso still on the wane

The peso on Thursday fell once again although its losses were kept in check by the intervention of the central bank in the foreign exchange market.

Posted: January 16th, 2014 in Headlines | Read More »

Peso weakens to 45 to a dollar

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Most foreign portfolio investors divested their Philippine interests last month, letting go of holdings of listed shares, government IOUs and time deposits, and took their cash back to the United States.

The peso fell to a fresh multiyear low on Wednesday following the release of data that showed an improvement in retail sales in the United States, sending the greenback rallying.

Posted: January 16th, 2014 in Editor's Pick,Headlines | Read More »

Peso weakens to 44.815:$1

The peso fell to a fresh 40-month low against the dollar on Tuesday, tracking losses of other Asian currencies ahead of the release of retail sales data from the United States.

Posted: January 15th, 2014 in Editor's Pick,Headlines | Read More »

Dollar drops after disappointing US jobs report

The Philippines prepaid more foreign debts in 2013 than the year before, thus causing its outstanding obligations to non-Filipino creditors to decline. AP FILE PHOTO

The dollar tumbled against other major currencies Friday, driven lower after a surprisingly weak US jobs report cast doubt on the vigor of the nation’s economic recovery.

Posted: January 11th, 2014 in Latest Business Stories | Read More »

Peso closes at 44.80:$1, weakest in over 3 years

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Photo by INQUIRER.net

The peso on Tuesday fell to its weakest against the US dollar in over three years due to global economic uncertainties and inflationary threats in the Philippines.

Posted: January 8th, 2014 in Headlines | Read More »

Dollar higher in Asia

The Philippines prepaid more foreign debts in 2013 than the year before, thus causing its outstanding obligations to non-Filipino creditors to decline. AP FILE PHOTO

The dollar traded higher against major currencies in Asia on Wednesday following another batch of solid US economic data.

Posted: December 25th, 2013 in Latest Business Stories | Read More »

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