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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 »

Looming rate hike seen to support peso

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peso-bills

The Bangko Sentral ng Pilipinas may increase its overnight borrowing rate as early as this week as part of the process of “normalizing” record-low local interest rates, which in turn could bode well for the local currency, a research note from Deutsche Bank said.

Posted: June 16th, 2014 in Latest Business Stories | Read More »

FX intervention seen to strengthen peso

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The peso will likely strengthen against the dollar for the rest of the year—and into 2015—amid expectations that the Bangko Sentral ng Pilipinas (BSP) would accelerate its monetary policy tightening to slow the pace of price increases in the local economy.

Posted: May 26th, 2014 in Headlines | Read More »

Peso strengthens on S&P upgrade

The peso surged to its highest level since November of last year following Standard & Poor’s (S&P) upgrade of the Philippines’ credit rating on Thursday.

Posted: May 10th, 2014 in Headlines | Read More »

Brokerage firm sees upside to peso downswing

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The recent decline in the local currency’s value has provided a boost to economic activity, increasing the peso value of every dollar earned by families dependent on remittances from overseas Filipino workers (OFW).

Posted: February 20th, 2014 in Headlines | Read More »

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