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World stocks hit record ahead of US-China trade deal

Reuters
Posted at Jan 14 08:29 AM

Gold prices fell almost 1 percent ahead of the signing at the White House on Wednesday of the Phase 1 trade deal and as a de-escalation in US-Iran tensions in the Middle East reduced bullion's safe-haven appeal. Read more »

Dollar off to a flat start for 2020 as others find the fizz

Wayne Cole, Reuters
Posted at Jan 02 02:41 PM

The dollar started the new year where it left the old one, on the back foot as investors wagered US economic outperformance might be drawing to a close as optimism on trade brightens the outlook for growth globally. Read more »

US dollar eases, on track for smallest return in 6 years

Swati Pandey, Reuters
Posted at Dec 31 10:21 AM

The dollar dipped to a near 3-week low against the yen in thin year-end volume on Tuesday as investors favored riskier assets, led by renewed optimism about global growth. Read more »

Peso at 'fair value' vs dollar, may trade at P51-P54 in 2020, says Diokno

Cathy Yang and Jessica Fenol, ABS-CBN News
Updated as of Dec 20 04:23 PM

The peso is currently among the three strongest currencies in the region, led by the Thai baht, Diokno said in an exclusive interview with ANC. Read more »

Dollar barely flinches after Trump impeachment, Aussie jumps on solid jobs data

Swati Pandey, Reuters
Posted at Dec 19 10:20 AM

The dollar took in stride the impeachment of US President Donald Trump on Thursday while its Australian counterpart rallied after a surprise fall in the country's unemployment rate.  Read more »

Philippines trims growth target, inflation forecast for 2019

ABS-CBN News
Updated as of Dec 11 02:48 PM

The 2019 gross domestic product growth target was set to 6 to 6.5 percent, the Development Budget Coordinating Committee said in statement. It was set previously at 6 to 7 percent, according to Bloomberg. Read more »

Trump says China trade deal might have to wait for 2020 election

Steve Holland, Reuters
Posted at Dec 03 08:45 PM

US President Donald Trump said a trade agreement with China might have to wait until after the US presidential election in November 2020, denting hopes of a quick resolution to a dispute that has weighed on the world economy. Read more »

World stocks, dollar rally on US-China trade deal hopes

Herbert Lash, Reuters
Posted at Nov 08 07:36 AM

But US stocks pared some gains after Reuters reported rolling back existing tariffs as part of a trade deal faces fierce opposition at the White House and from outside advisers, multiple sources familiar with the talks said. Read more »

Peso outlook ‘neutral' with strong fundamentals as buffer: Fitch Solutions

ABS-CBN News
Updated as of Oct 07 11:32 AM

Fears on global growth pose risks to ASEAN currencies but the Philippines’ strong reserve, strong foreign direct investment (FDI) inflows and the recent policy rate cuts are “real positive story for the peso,” Fitch Solutions senior country risk analyst Michael Langham told ANC.  Read more »

Dollar supported as fears of ramp up in Sino-US trade war ease

Tom Westbrook, Reuters
Posted at Sep 30 09:13 AM

The dollar was supported on Monday in cautious trade as worries of an immediate widening of the Sino-US trade war eased and markets awaited the latest Chinese manufacturing data for a glimpse into the health of the world's second-largest economy. Read more »

Peso seen in P51.50-P53.50 vs $1 range on global recession worries

ABS-CBN News
Posted at Aug 19 11:58 AM

The peso might trade within a wider range of P51.50 to P53.50 against the dollar or "slightly below " the P54 level if trade tensions that sparked the recession worries worsens, said Mizuho Bank head of economics and strategy Vishnu Varathan. Read more »

Dollar, yuan stronger as risk sentiment improves

Karen Brettell, Reuters
Posted at Aug 09 07:07 AM

The dollar index edged higher on Thursday and China's currency strengthened after the Chinese central bank fixed the yuan at a stronger level than expected, boosting risk appetite. Read more »

Adidas fears 'everybody will lose' in US-China currency war

Agence France-Presse
Posted at Aug 08 08:20 PM

American tariffs on Chinese goods are less harmful to Adidas than a potential exchange rate battle, chief executive Kasper Rorsted said.   Read more »

Peso seen stabilizing with 'slight weakness' as Trump ratchets up trade war

ABS-CBN News
Updated as of Aug 02 12:32 PM

The peso opened at P51.32 to the dollar, from P51.2 on Thursday. Read more »

Peso to gain further vs dollar in near term: Mizuho Bank

ABS-CBN News
Updated as of Jul 24 09:51 AM

The peso opened at P51.225 on Wednesday from P51.14 the day before. The local currency is among the best performing in the region as stocks entered bull market territory.   Read more »

Philippines revises 2019-2022 forex assumptions, keeps growth targets

Karen Lema, Reuters
Updated as of Jul 18 06:02 PM

The Philippines on Thursday revised its foreign exchange assumptions for its medium-term macroeconomic targets as it expects the peso to appreciate against the dollar on positive investor sentiment. Read more »

Peso hovers near 18-month high as dollar weakens

ABS-CBN News
Updated as of Jul 16 07:01 PM

The Philippine peso on Tuesday was at its strongest since January 2018 as the US dollar weakens amid expected monetary policy easing by the Federal Reserve. Read more »

Trump accuses China, Europe of currency manipulation, stimulus

Agence France-Presse
Updated as of Jul 04 06:32 AM

US President Donald Trump on Wednesday accused China and Europe of deliberately weakening their currencies and stimulating their economies to gain competitive advantages over the United States. Read more »

Peso strongest in 16 months as dollar weakens, Fed signals easing

ABS-CBN News
Updated as of Jun 25 10:07 PM

The Philippine peso touched its strongest level since February last year as the dollar fell against a basket of currencies amid the prospect of monetary easing by the Federal Reserve.  Read more »

Peso strengthens as April trade gap falls below forecast

ABS-CBN News
Updated as of Jun 11 05:11 PM

The peso ended stronger against the dollar on Tuesday after official data showed that the trade deficit in April was smaller than expected. Read more »