The local unit closed at P57.26 on Friday, appreciating by 10 centavos from its P57.36 finish on Thursday, Bankers Association of the Philippines data showed.The peso opened Friday’s trading session at P57.44 per dollar. Its weakest showing was at P57.45, while its intraday best was at P57.23 against the greenback.The peso strengthened on Friday after the release of the latest balance of payments data, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.
Brent crude settled at $87.62 a barrel, falling $2.16 or 2.4%. US West Texas Intermediate crude settled at $80.08 a barrel, losing $1.56, or 1.9%. Both posted weekly losses, with Brent down around 9% and WTI roughly 10%. Any hawkish surprise in the FOMC minutes could be mitigated by the BSP’s recent policy tightening, he added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PNP warns vs fake peso billsThe Philippine National Police urged the public to be vigilant against the proliferation of fake peso bills as the Christmas season approaches. With Filipinos abroad expected to...
Source: TheManilaTimes - 🏆 2. / 92 Read more »
BSP open to tweaking FX rules to shield peso - BusinessMirrorThe Philippine central bank said it can adjust foreign-exchange policies to help curb speculation, highlighting readiness to respond to inflation threats even as the peso has pared losses recently. Dollar purchases believed to be “speculative,” or those without underlying client transactions, were observed to have increased and were adding pressure on the peso, Bangko Sentral
Source: BusinessMirror - 🏆 19. / 59 Read more »
PNP warns public over rash of fake peso billsPNP spokesperson Police Col. Jean Fajardo said crimes against property like theft and robbery, as well as fraud and deceit, usually increase during the holiday season. READ:
Source: MlaStandard - 🏆 20. / 55 Read more »
PNP warns public vs. circulation of fake money this holiday seasonThe Philippine National Police (PNP) on Sunday reminded the public to remain vigilant against the proliferation of fake peso bills, especially during this Christmas season.
Source: gmanews - 🏆 11. / 68 Read more »
Revenge home investingThe peso has weakened considerably against the dollar. But for our overseas-based kababayans, there is a silver lining. An overseas Filipino worker’s salary that is dollar denominated is now
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Veterans home Covid outbreak results in $58-million out-of-court settlement - BusinessMirrorSPRINGFIELD, Mass.—A federal judge has approved a nearly $58-million settlement in a class-action lawsuit filed in response to the deaths of dozens of veterans who contracted Covid-19 at a Massachusetts veterans home. “It was with heavy hearts that we got to the finish line on this case,” Michael Aleo, an attorney for the plaintiffs said
Source: BusinessMirror - 🏆 19. / 59 Read more »