The peso slid to yet another 12-year lowon Tuesdayas the market girded itself for the lingering effects of stubbornly high prices despite the central bank's vow to act aggressively against inflation when the Monetary Board meets later this week. The local currency ended the trading session at P54.31 to a dollar which is its lowest close since November 22, 2005. The peso's last tradeon Tuesdaywas lower than the P54.23 of the previous session. It traded as low as P54.50 earlier in the day before intervention from the Bangko Sentral ng Pilipinas (BSP) moderated some of the losses, traders said. "Please note that regulators said they are will...
Keep on reading: Inflation-wary traders dump peso despite likely BSP rate hike on Thursday
from INQUIRER.net https://ift.tt/2xMmGuI
-
Steve Smith and David Warner are set to don the Australian colours this week for the first time since their ball-tampering bans despite stru...
-
Former Indian opener Krishnamachari Srikkanth was elated at the qualification of Delhi Capitals for the playoffs. from Sports News: Cricke...
-
Winter has come. After almost two years of waiting (and over 70 hours of screentime), "Game of Thrones" season 8 episode 3 has rev...
No comments:
Post a Comment