THE PESO dropped anew against the dollar on Wednesday amid an expected pickup in October inflation. The local unit weakened by 6.5 centavos to close at P63.535 versus the greenback from its P63.47 finish on Tuesday, Bankers Association of the Philippines data showed.
TOKYO, Nov 5 (Reuters) - The dollar extended its decline on Thursday in the aftermath of an overwhelming victory by Democrats in US midterm elections, which sent oil prices sharply lower and buoyed risk sentiment. The yen gained after minutes from the…
THE peso weakened against the greenback on Wednesday, reversing its gains from the previous trading day, while investors picked up battered heavyweight stocks following recent losses prompting Philippine shares to recover. The local currency closed at P63.535 to a dollar, weaker…
Gold is trading up more than $130, or 3.3%, at $4061.80. The price reached a high of $4070.53 after trading as low as $3919.93. Lower Treasury yields and a weaker US dollar are helping fuel the gains. The US 10-year yield is down 6.6 basis points…
The British Pound (GBP) is down 0.16% to near 212.93 against the Japanese Yen (JPY) during the European trading session on Thursday. The cross is under pressure as the British currency trades with caution ahead of the Bank of England’s (BoE) monetary…
From the July 2 low, wave (1) advanced to $93.50 before wave (2) corrected to $74.24. The market then resumed higher in wave (3), which reached $106.75. A subsequent pullback in wave (4) unfolded and finished at $86.86. From there, Oil extended higher in wave (5) and peaked at $110.48. This…
Newswire cut: Gold rose about 3.3% to around $4,060, its biggest daily gain since August, as Brent fell about 9% on hopes of Iran diplomacy after the US midterms, in line with Citi’s view that de-escalation, not escalation, is what drives bullion higher…
Tax Strategy & Benefits Public & Infrastructure Finance International Trade & Foreign Investment Data Privacy, Cybersecurity & Digital Assets Environmental, Safety & Health Government Investigations & White Collar How can we improve pensions adequacy at a time when increased pensions saving may be unaffordable? Our campaign…
National Australia Bank chief Andrew Irvine has warned the risk of recession in Australia has increased as a slowly growing number of customers report being in trouble with their mortgage. The share of NAB’s Australian mortgage book underwater surged more…
Spot silver (XAG/USD) surged by over 5.5% from session lows of $48.96 to trade around $52.30–$53/oz. Preliminary election results pointed to a Democratic sweep of Congress aimed at countering President Donald Trump’s policy agenda. This sparked a sharp decline in the…
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