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Philippine Peso. Quote - Chart - Historical Data - News. The USDPHP increased 0.3500 or 0.61% to 57.6760 on Friday May 10 from 57.3260 in the previous trading session. Historically, the Philippine Peso reached an all time high of 59.20 in September of 2022.
- Fall of The Us Dollar
- Fed Minutes Signal Slower Rate Increases
- Medalla: Fed, BSP Done with Jumbo Hikes
- Peso Trajectory Driven by Us Dollar, Fed Policy
The strength of the peso is primarily driven by the pullback of the US dollar. In our past articles, we explained the factors that caused the weakness of the US dollar (see Peak Dollar?, Oct. 31, 2022, and Mighty dollar stumbles, Nov. 21, 2022). From its two-decade high of 114.78 on Sept. 28, the US dollar index (DXY) has fallen 7.6 percent and clo...
The further fall of the US dollar was precipitated by the release of the minutes of the Fed’s November meeting. The minutes showed that there were some Fed officials that were contemplating a slowdown in rate hikes. Below, we summarize some notable quotes from the minutes of the Fed’s last meeting. 1. “A few participants commented that slowing the ...
Last week, Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla responded to pronouncements made by Fed officials regarding a potential slowdown in their pace of tightening. The BSP chief said, “My own reading is that the US will keep on raising, but no more than 75 basis points. So that will be a lot less painful for economic growth in the Ph...
The peso’s surprising strength was driven by the retreat of the US dollar amid expectations of a slowdown in Fed rate hikes. We said in our previous articles that it is crucial for investors to watch for a potential peak in inflation because this would also mean a peak in financial tightness, which would usher a peak in the US dollar. Ultimately, t...
- Wilson Sy
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USD remains strong against PHP USDPHP is currently in a consolidation phase after a run, and retesting its previous resistance, 56.41. If the USD will remain strong against PHP, we can see it will trade up to 57.51 - 57.99 up to 60.
Jan 10, 2023 · Peso closes at P54.87 vs US dollar, strongest since June last year. ABS-CBN News. Published Jan 10, 2023 05:17 PM PHT. |. Updated Jan 10, 2023 07:37 PM PHT. MANILA ( UPDATE) - The Philippine peso continued to claw back losses from last year as it again strengthened on Tuesday and broke through the P54 to the dollar level.
Get the latest United States Dollar to Philippine peso (USD / PHP) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and ...
Dec 10, 2020 · Amid the COVID-19 pandemic, the Philippine peso has strengthened against the US dollar (Figure 1). From P50.9 a dollar in January, the exchange rate has gone down to P48.1 a dollar in November —...
Source: Kantar Media. USD to PHP | advanced charting, news, historical stock charts, analyst ratings, financials, and today’s Philippine Peso price.
