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ECB 'ready to act' on strong euro: board member

Jean-Philippe Lacour, Agence France-Presse
Posted at Sep 16 09:54 PM

The European Central Bank is "ready to act" to rein in the euro as it rises against the dollar, a member of the ECB's executive board told AFP. Read more »

PH reserves could breach $100 billion as gold rises: Bangko Sentral

ABS-CBN News
Posted at Sep 10 09:19 PM

The Bangko Sentral ng Pilipinas said Thursday that the country’s gross international reserves could hit more than $100 billion this year as the price of gold continues to rise.    Read more »

Strong peso due to mild inflation, BOP surplus: DOF

ABS-CBN News
Posted at Sep 01 04:08 PM

The Department of Finance said Tuesday the Philippine peso appreciated because of the country’s mild inflation and a balance of payments (BOP) surplus reflected in its record-high foreign currency reserves as of June this year. Read more »

August inflation likely within 2.5 to 3.3 percent range: BSP think tank

ABS-CBN News
Posted at Aug 28 02:41 PM

Inflation in August will likely settle within the 2.5 to 3.3 percent range, the Bangko Sentral ng Pilipinas' Department of Economic Research said on Friday.  Read more »

Saudi foreign reserves fall at fastest for two decades

Marwa Rashad and Davide Barbuscia, Reuters
Posted at Apr 29 08:41 PM

Saudi Arabia's central bank foreign reserves fell in March at their fastest rate in at least 20 years and to their lowest since 2011, while the kingdom slipped into a $9 billion budget deficit in the first quarter as oil revenues collapsed. Read more »

Customs monitoring influx of huge amounts of foreign currencies

ABS-CBN News
Posted at Mar 01 05:57 PM

BOC Spokesperson Atty. Vincent Philip Maronilla adds, the agency has identified individuals who have brought huge amounts of foreign currencies into the country.   Read more »

Yuan tumbles, yen rallies as spread of China virus unnerves markets

Dhara Ranasinghe, Reuters
Posted at Jan 21 05:10 PM

China's yuan tumbled on Tuesday, pulling away from six-month highs against the dollar, while the yen rallied as the spread of a pneumonia-like virus in China sparked a sudden bout of risk aversion and rattled world markets.   Read more »

US Treasury removes currency manipulator label on China

Agence France-Presse
Posted at Jan 14 08:34 PM

The United States on Monday removed the currency manipulator label it imposed on China last summer, in a sign of easing tensions between the economic powers after nearly two years of conflict. Read more »

US Treasury reverses currency manipulator label for China

Agence France-Presse
Updated as of Jan 14 08:19 AM

The United States on Monday removed the currency manipulator label it imposed on China last summer, in a sign of easing tensions between the two economic powers after nearly 2 years of conflict.  Read more »

Gross international reserves hit $88.9-B in December

ABS-CBN News
Updated as of Jan 07 07:12 PM

The Philippines' gross international reserves (GIR) reached a historic high of $87.86 billion at the end of December, the central bank said on Tuesday.  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 »

The world’s No. 1 Forex Trading school celebrates its 3rd year of excellence in the PH

Frances Sales
Updated as of Nov 09 08:07 PM

More Filipinos are learning to sharpen their trading skills to achieve financial success. Read more »

World markets buoyed by growing trade optimism

Agence France-Presse
Posted at Nov 05 10:33 PM

Global bourses had already soared on Monday on expectations that economic superpowers China and the United States were close to a mini trade deal. Read more »

Pound shrugs off Johnson's latest Brexit setback

Agence France-Presse
Posted at Oct 21 06:46 AM

Sterling opened to modest losses Monday following British Prime Minister Boris Johnson's latest failure to break the Brexit deadlock, with forex markets shrugging off a weekend of drama in the British parliament.  Read more »

Pound goes on rollercoaster ride after Brexit draft deal

Agence France-Presse
Posted at Oct 18 07:00 AM

The British pound had a tumultuous session on Thursday as a draft Brexit deal between London and Brussels sparked both hope and skepticism in a volatile forex market. 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 »

Why is China's currency falling?

Agence France-Presse
Posted at Aug 26 06:53 PM

China's yuan has sunk by around four percent in August to its lowest point in more than 11 years on Monday, a decline likely to further exacerbate trade tensions with Washington. Read more »

Trump flirts with currency war in escalating conflict with China

Heather Scott, Agence France-Presse
Updated as of Aug 09 09:33 AM

President Donald Trump on Thursday took a step closer to sparking a currency war in the escalating conflict with China, saying he is not happy with the strong US dollar. Read more »

US designates China as a 'currency manipulator'

Agence France-Presse
Updated as of Aug 06 08:15 AM

WASHINGTON - The United States on Monday formally named China a currency manipulator, accusing Beijing of weakening the yuan as the two countries' trade war escalates. Read more »

Cash remittances hit $2.6-B in May

ABS-CBN News
Updated as of Jul 15 06:03 PM

This brought cash remittances in the first 5 months of the year to $12.3 billion, 4.5 percent higher than in the same period in 2018.  Read more »