Dollar falls on Fed QE3 news
The Federal Reserve’s announcement of an open-ended QE3 program and pledge of low rates until mid-2015 sent the dollar falling Thursday against major currencies.
The Federal Reserve’s announcement of an open-ended QE3 program and pledge of low rates until mid-2015 sent the dollar falling Thursday against major currencies.
The dollar was mixed in Asian trade Friday after earlier dipping on speculation that an uncertain US economic recovery would spur the Federal Reserve to usher in further easing measures.
The country’s balance of payments swung to a deficit of $79 million in April, from a surplus of $1.08 billion in the same month last year, as the government paid off foreign creditors.
Foreign currencies that had flowed into the country in February exceeded the outflows, with the Philippines’ balance of payments (BOP) hitting a surplus of $588 million.
The country registered a balance of payments (BOP) surplus in January as the inflow of dollars and other foreign currencies exceeded those that had flowed out, the Bangko Sentral ng Pilipinas reported.
The Bangko Sentral ng Pilipinas has further relaxed its foreign exchange regulatory framework, making it easier for the public to buy and sell foreign currencies.
TOKYO – The dollar slipped further against major currencies Thursday on deepening worries over the health of the global economy due to the slow US recovery and eurozone debt crisis. The greenback was trading at 76.62 yen, down from 76.83 yen in New York on Wednesday. The euro firmed to $1.4209 from $1.4168, but dipped [...]
The country continued to post a surplus in its balance of payments in June, but the amount was slower as more obligations denominated in foreign currencies had to be settled. The Bangko Sentral ng Pilipinas reported Tuesday that the BOP surplus reached $222 million in June, down by nearly 60 percent from the $544 million [...]
