Question: I have been reading about the peso getting stronger and the BSP controlling the exchange rate. Why is the peso getting stronger and what are its effects? Why is the BSP controlling it? —Name withheld upon request, asked via e-mail
THE PESO is expected to sustain its strong position throughout 2013, when it is seen breaching the 40:$1 level, according to DBS Group.
Dutch financial giant ING sees the peso remaining strong against the dollar in the next two years on the back of favorable macroeconomic fundamentals.
Dutch financial giant ING sees the peso remaining strong against the US dollar for the next two years on the back of favorable macroeconomic fundamentals.
The Bangko Sentral ng Pilipinas said a surge in foreign portfolio investments, which could lead to a volatile exchange rate and accelerated inflation, is likely in the months ahead especially if the debt situation of the euro zone continues to deteriorate.
The peso fell on the first trading day of the week as investors stayed on the sidelines while awaiting the summit of European leaders on Thursday that would discuss plans to help improve the fiscal situation of countries in the eurozone.
The peso is likely to appreciate further into the 41-to-a-dollar territory within the short term given the sustained inflows coming from foreign portfolio investments and remittances from Filipinos overseas. This was the projection of Barclays, which said the peso could hit 41.50 against the greenback over a 12-month period given the trend of rising dollar [...]
THE BANGKO Sentral ng Pilipinas on Friday made it clear that it would not prop up the peso just to tame inflation. The peso has been strengthening in recent days, but this is due to rising inflows of foreign portfolio investments, BSP Governor Amando Tetangco Jr. told reporters. He stressed that the BSP would not [...]
