Peso seen to climb further vs dollar

Quick Summary

THE PESO may strengthen further against the dollar this week as the market expects smaller rate increases from both the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP).

The local currency closed at P54.71 versus the greenback on Friday, rising by 15 centavos from Thursday’s P54.

The Fed is also expected to sustain its quarter-point hike to uphold its anti-inflation bias amid financial market turbulence caused by the recent banking failures,” he added.

More Pictures

News Analysis

Author / Journalist: Neil

Category: Business Finance

Topics: Editors' Picks One News Aaron Michael C. Sy Featured2

Source Website Secure: Yes (HTTPS)

Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

News Source URL: bworldonline.com

Readership Location: Philippines

Published Date: 2023-03-19, 13:00:26

News Timezone: GMT +8:00

Language: English

Original Article Length: 538 words

Reading Duration: 3 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 1066339

Load More

About Publisher

Name: Business World

Main Topics: BusinessFinance

Official Website: bworldonline.com

Last Update: 8h ago

Headquarters: Philippines

Coverage Areas: Philippines

Publication Owner: Independent Company

Publication Timezone: GMT +8:00

Languages Covered: English

RSS Feed: Available (XML)

API Available: Yes

Website Security: Secure (HTTPS)

Publisher ID: #56

Load More