Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Wednesday, 26 April 2017 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << April 2017 >> 
S M T W T F S
1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2006/10/02

Peso hits high, Asian currencies dip with yen

Quezon City (2 October) -- Asian currencies fell with the yen on Monday, but the Philippine peso bucked the regional trend to hit its highest in more than four years, pushed up by inflows as local markets reopened following their closure on Thursday and Friday due to a typhoon.

The peso rose as far as 49.95 per dollar, breaking the key 50-level. It traded at 50.20 per dollar on Wednesday -- before typhoon Milenyo led to massive power outages in Manila and the closure of local markets for two days.

Strong inflows of remittances, upbeat news on the economy and easing worries about political uncertainty have boosted demand for the peso.

"The market had accumulated flows over the holiday," said a trader in Manila. "The 49.80 area is the next key level and the outlook for the peso is still positive." (PIA) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»Eleven water projects under KALAHI-CIDSS completed in Region 8
»Leyte NSO enlists in 17th national stat month fete
»Sto. Nino SPED kids reign in 1st Pintados inter-school cheer dance competition
»Feature: Alay Lakad fund gives opportunity for OSYs to become productive
»Commentary: A call to keep the Bayanihan spirit alive and well
»Military helps in delivery of basic services to people
»Military rescues 15 families from Kananga flood
»Kalinga wins PGSP awards
»Consumernet marks Consumer Welfare Month
»NIA extends condonation of irrigation fees
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines