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January 19, 2021 | 9:00 pm Font Size
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THE PESO slipped further against the dollar on Tuesday as investors stayed on the sidelines ahead of the inauguration of the incoming president of the United States on Wednesday.
The local currency shed 0.3 centavo to close at P48.078 versus the dollar on Tuesday from its P48.075 finish on Monday, data from the Bankers Association of the Philippines showed.
The peso started the session stronger at P48.06 per dollar. It weakened to as lows as P48.082 while its intraday best was at P48.055 against the greenback.
Dollars traded increased to $650.6 million yesterday from $418.7 million on Monday.
BusinessWorld
January 17, 2021 | 11:00 pm
Angelica Y. Yang
PHILIPPINE SHARES are expected to move sideways this week, with investors seen remaining cautious as they wait for more firm signs of economic recovery.
The bellwether Philippine Stock Exchange index (PSEi) closed Friday’s session at 7,238.46, climbing by 34.69 points or 0.47% from the previous trading day.
Week on week, however, the benchmark index inched down 0.71% or 51 points.
The market’s average value turnover declined 1.22% week on week to P10.5 billion, while average net foreign selling dropped 85% to P40 million last week.
AAA Equities Head of Research Christopher John Mangun said in a market note that he expects local shares to move sideways this week.
January 17, 2021 | 10:55 pm Font Size
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THE PESO is seen climbing further against the greenback this week, with the market likely to be bullish amid the leadership change in the United States.
The local unit finished trading at P48.065 against the dollar on Friday, inching up from its P48.07 close on Thursday, data from the Bankers Association of the Philippines showed.
Week on week, it also appreciated by 2.3 centavos from its P48.088-per-dollar close on Jan. 8.
The peso strengthened on the back of the record high gross international reserve (GIR) level seen at end-2020, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a text message.
M3 growth eases on slow lending | BusinessWorld bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.