Peso again near P56:$1; stock market rebounds

The currency weakened by eight-and-a-half centavos to P55.965 against the greenback, a result Rizal Commercial Banking Corp. chief economist Michael Ricafort said was due to the dollar gaining against major global currencies.Trading started at P56.05:$1 and ranged from P55.94 to P56.09. Volume reached P1.373 billion, down from P1.539 billion in the previous session.The benchmark Philippine Stock Exchange index, meanwhile, surged by 1.31 percent, or 96.12 points, to end the day at 7,458.74.

''According to BSP Governor Eli Remolona, the BSP may still cut policy rates in the fourth quarter of this year, 25 basis points each in their last two meetings,' he added.Tantiangco said that trading remained active with net value turnover of P6.88 billion, higher than the year-to-date average of P5.18 billion.'Foreigners were net buyers with net inflows amounting to P4.79 billion.'Regina Capital Development Corp.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Stocks end higher; peso strengthens to P56.11LOCAL stocks ended Friday marginally higher on bargain hunting as investors weighed the impact of the latest MSCI rebalancing and amid easing concerns about the US economy following the release of positive economic data.
مصدر: TheManilaTimes - 🏆 2. / 92 اقرأ أكثر »

Stock market nears 7,200 level; peso at 55.6 a dollarDefining the News
مصدر: MlaStandard - 🏆 20. / 55 اقرأ أكثر »

Peso back in P55:$1 territory; stock market snaps 4-day rallyTHE peso is back at the P55 level, closing stronger against the greenback on Wednesday, but the stock market slipped as investors awaited US inflation data seen underpinning the result of next week's Federal Reserve policy meeting.
مصدر: TheManilaTimes - 🏆 2. / 92 اقرأ أكثر »