Philippine Peso’s Drop Past 57 Puts Pressure on Central Bank

-- The Philippine peso weakened past the closely watched 57-per-dollar level for the first time since late 2022, putting pressure on the central bank to join emerging-market peers in supporting their beleaguered currencies.Powell Signals Rate-Cut Delay After Run of Inflation Surprises

The US dollar has regained strength in recent days following the rise in Middle East tensions and as Federal Reserve Chair Jerome Powell signaled policymakers will wait longer than previously anticipated to cut rates following a series of surprisingly high inflation readings. Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose and the yen remained weak. The deficit was 5.89 trillion yen for the fiscal year that ended in March, according to Finance Ministry data released Wednesday. The biggest trade deficits were in the Middle East, mainly Saudi Arabia and the United Arab Emirates, as well as Australia and Indonesia.Carbon Credit Trading Platform Market to Grow at CAGR of 23.

Philippine Peso Governor Eli Remolona

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canucks edge past Oilers, close in on Pacific Division titleCasey DeSmith made 32 saves for the win as the Vancouver Canucks swept their season series with Edmonton, defeating the Oilers 3-1 in their fourth meeting of the season on Saturday.
Source: TSN_Sports - 🏆 80. / 51 Read more »

South Korea has 'grave concerns' over China using water cannons against Philippine shipsExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

South Korea has 'grave concerns' over China using water cannons against Philippine shipsExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Chinese coast guard hits Philippine boat with water cannons in disputed sea, causing injuriesChinese coast guard ships hit a Philippine supply boat with water cannons Saturday in the latest confrontation near a disputed shoal in the South China Sea, injuring crew members and damaging the ship.
Source: CTVNews - 🏆 1. / 99 Read more »

China coast guard says it took measures against Philippine vessels in South China SeaExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

China coast guard says it took measures against Philippine vessels in South China SeaExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »