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Tag

philippine peso

2 articles

Philippine Peso Breaks 63 Per Dollar as BSP Faces Intervention Pressure
Research & Analysis2h ago
Philippine Peso Breaks 63 Per Dollar as BSP Faces Intervention Pressure
Currency's breach of key threshold signals imminent central bank action as interest rate differentials and trade deficits drive sustained depreciation.
Philippine Peso's Structural Weakness Deepens as BSP Abandons Reserve Defense
Research & Analysis37d ago
Philippine Peso's Structural Weakness Deepens as BSP Abandons Reserve Defense
The peso hit a record low of 62.77 per dollar as the central bank shifts strategy, acknowledging that defending reserves is futile amid a 29% widening trade deficit and $103 billion in reserves.