The peso fell on Thursday following the release of reports that the euro zone contracted in the first quarter and that industrial production in the United States fell in April.
The peso fell on Wednesday amid reports that growth in remittances from overseas-based Filipinos in March was at its slowest since September 2009.
The peso inched up on Wednesday as reports of growing Chinese exports and imports lifted outlook on emerging economies.
The peso inched up on Tuesday amid expectations global liquidity would grow further, supported by low interest rates abroad.
The peso moved sideways on the first trading day of the week as financial markets welcomed the improving employment situation in the United States and as the Philippine Stock Exchange Index corrected from Friday’s historic high.
The peso closed stronger on Thursday after international credit-rating firm Standard & Poor’s raised the Philippines’ credit rating by a notch from junk status to investment grade.
The peso moved sideways on Tuesday as financial markets worldwide awaited results of the coming separate policy meetings of the US Federal Reserve and the European Central Bank.
The peso inched up on Thursday amid indicators global demand could be picking up, such as favorable growth of South Korea in the first quarter and manageable uptick in oil prices.
The peso inched up on Wednesday as reports of an increase in sales of residential properties and corporate earnings in the United States boosted sentiment of investors on the global economy.
The peso dropped on the first trading day of the week amid expectations the Bangko Sentral ng Pilipinas again would cut the interest rate on special deposit accounts.
The peso inched up on Thursday, amid expectations rising liquidity offshore could bring in more foreign portfolio flows to the country.
The peso strengthened on the first trading day of the week as the World Bank reiterated its projection on the Philippines likely keeping its growth robust and within the 6-percent territory in 2013 and 2014.
