Poging GOUD - Vrij
Peso surges as markets eye Fed rate cuts
Business World Philippines
|July 01, 2025
THE PESO surged on Monday as the dollar fell on dovish US Federal Reserve bets.
-
The local unit closed at P56.33 per dollar on Monday, strengthening by 24 centavos from its P56.57 finish on Friday, Bankers Association of the Philippines data showed.
This was the peso’s best finish in over two weeks or since it closed at P56.21 against the dollar on June 13
The peso opened Monday’s session slightly stronger at P56.54 against the dollar, which was already its intraday low. It climbed to as high as P56.25 versus the greenback during the session.
Dollars traded rose to $1.82 billion on Monday from $1.57 billion on Friday.
“The dollar-peso closed lower on renewed dovish Fed bets after the release of US PCE (personal consumption expenditures) data last Friday,” a trader said by phone interview.
Dit verhaal komt uit de July 01, 2025-editie van Business World Philippines.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Business World Philippines
Business World Philippines
Oil prices up as US begins holiday weekend and Iran tension rises
Oil prices settled higher on Friday as some investors covered short positions ahead of the three-day Martin Luther King holiday weekend in the US and lingering worries about a possible US military strike against Iran.
1 mins
January 19, 2026
Business World Philippines
Bank assets grow to P28.7 trillion as of Nov.
THE PHILIPPINE banking industry’s total assets rose by 7.44% year on year at end-November, mainly driven by an increase in loans, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed.
1 mins
January 19, 2026
Business World Philippines
Wall Street ends little changed ahead of long weekend in choppy trade
US stocks ended nearly flat on Friday in a choppy session ahead of the long weekend, and all three major indexes posted losses for the week as fourth-quarter earnings season kicked off.
2 mins
January 19, 2026
Business World Philippines
Agriculture spending refocused on reducing poverty, stabilizing supply
THE Department of Agriculture (DA) said it is recalibrating its spending with a shift away from “fragmented, input-driven” programs toward a results-based framework aimed at raising farmer income and minimizing supply shocks.
1 min
January 19, 2026
Business World Philippines
Primer Group, ACE Co., Ltd. to bring Japanese innovation to PHL
JAPANESE BAGS and luggage manufacturer ACE Co., Ltd. has joined forces with Philippine retail conglomerate Primer Group of Companies in a strategic joint venture aimed at introducing advanced Japanese technology and design to Filipino consumers.
1 mins
January 19, 2026
Business World Philippines
Governance, risk, and compliance as a strategic advantage
SUITS THE C-SUITE
5 mins
January 19, 2026
Business World Philippines
New York cocoa futures prices up from 2-year low
New York cocoa futures on the ICE exchange recovered on Friday from anear two-year low hit in the prior session as demand weakness was seen as already priced in following data from Asia.
1 mins
January 19, 2026
Business World Philippines
RED-LETTER YEAR
Heading up to Tagaytay as Mercedes-Benz PHL braces for a busy milestone year
3 mins
January 19, 2026
Business World Philippines
New tech seen cutting hatchery reliance on wild mangrove crabs
MINDANAO State University’s Iligan Institute of Technology is developing a recirculating aquaculture system to improve hatchery survival rates for mangrove crabs, which is ultimately expected to reduce the reliance on wild-caught crabs for breeding.
1 min
January 19, 2026
Business World Philippines
Stocks may drop as players book gains from rally
PHILIPPINE SHARES could decline this week as investors continue to book their gains from the market’s recent rally and with the peso’s weakness weighing on sentiment.
2 mins
January 19, 2026
Listen
Translate
Change font size