Which Could News Today : Breaking News, Live Updates & Top S

PH peso posts another record-low, stocks gauge slips anew

Published: September 23, 2022

DOWN. Concerns on the possibility of a recession in the US increased following another large increase in the Federal Reserve funds rate. This resulted in further depreciation of the Philippine peso and the drop to below 6,300 for the Philippine Stock Exchange index (PSEi) on Friday (Sept. 23, 2022). (PNA graphics) MANILA - Recession worries resulted in the local main stocks index ending the week below 6,300-level while the peso registered another record-low against the US dollar despite its sideways close on Friday. The local currency again slipped to its new record low after closing the week ...

Source: philippinetimes.com

Related Topics:

Peso still market-determined amid BSP intervention

Published: September 22, 2022

MARKET-DETERMINED. The Philippine peso continues to depreciate against the US dollar as the greenback gets support from the sustained rise of the Federal Reserve funds rate. A ranking Bangko Sentral ng Pilipinas (BSP) executive said the increase in the BSP's key rate is primarily intended to bring domestic inflation back to within the government's 2-4 percent target band but is also expected to lessen pressures on the local currency. (PNA file photo) MANILA -- The latest increase in the Bangko Sentral ng Pilipinas' (BSP) key rates is expected to help address the peso's deprecia...

Source: philippinetimes.com

Related Topics:

Bangko Sentral Francisco Dakila Jr Federal Reserve Governor Francisco Dakila Monetary Board Market Determined The Philippine Peso Continues To Depreciate Against Us Dollar As Greenback Gets Support From Sustained Rise Of Federal Reserve Funds Ratea Ranking Bangko Sentral Ng Pilipinas Bsp Executive Said Increase In 39s Key Rate Is Primarily Intended Bring Domestic Inflation Back Within Government 2 4 Percent Target Band But Also Expected Lessen Pressures On Local Currency Pna File Photo Manila Latest 39 Rates Help Address Depreciation Buta Monetary Official They Do Not Targeta Level For Quot This Adjustment Shall Alleviate Some Which Could N Turn Emper Inflationary Impulses Stemming From Elevated Global Commodity Prices Uot Bsp Deputy Governor Francisco Dakila Jr Said In An Online Briefing On Thursday For The Decision Of Policy Making Monetary Board Mb He Peso Posted Another All Time Low Against The Us Dollar At 58 49 Ts Ninth For The Year So Far This Fter The Federal Reserve Again Hiked Funds Rate By Another 75 Basis Points He Third Of Said Level Since Last June And In Addition To The 25 Basis Points Increase March 50 Hike May Bsp 39s Key Rates Were Hiked By On Thursday He Second Of The Same Rate Increase Last August This Hike Is Also In Addition To 25 Basis Points May And June 75 Off Cycle July Authorities Analysts Have Traced Peso 39s Weakness General Strengthening Us Dollar Given Continued Hikes Federal Reserve Benchmark Rates Hich Have Been Hiked Bya Total Of 300 Basis Points Since Last March To Address Us 39 Four Decade High Inflation Rate The Government 39s Philippine Peso Dollar Assumption For This Year Isa Range Between 51 53 Levels Authorities Said Average Level Date Remains Within Target Ith The Peso Starting Year At 52 Level Against Us Dollar Dakila Said Central Bank Hasa Toolkit Ready To Respond Volatility In Exchange Rate And Quot Ensure That Legitimate Demand For Foreign Currency Is Satisfied Bsp Stands Participate Market Only Orderly Conditions Reduce Excessive Short Term Uot He Added Monetary Authorities And Analysts Have Said The Hikes In Bsp Rates Are Also To Address Interest Rate Differential With Us Dakila Latest Hike Is Primarily Aimed At Bringing Inflation Back Within 2 4 Percent Target Band Not Peso 39s Depreciation Quot We 39d Like Reiterate That Intention Targeta Particular Level Or Threat Of Exchange Policy Objective Deciding On Appropriate Stance Uot He Said Dding That The Peso Dollar Exchange Rate Level Remains Market Determined Pna

Big Bash League season 12 fixtures revealed, tournament reverts back to traditional mid-December start

Published: July 14, 2022

Cricket Australia (CA) has revealed the schedule for the 12th season of the Big Bash League (BBL), with the opener taking place on December 13 between Sydney Th

Source: zimbabwestar.com

Economic Watch: Ukraine crisis could shake up U.S. economy even further

Published: March 1, 2022

By Matthew Rusling WASHINGTON, Feb. 28 (Xinhua) -- Helen Carmen, a retiree in her 70s living in Washington D.C., has been paying more at gas pumps than a year a

Source: russiaherald.com