(Bloomberg) -- The Philippine peso dropped past the key 58-per-dollar level, putting pressure on the central bank to step up efforts to support the...
-- The Philippine peso dropped past the key 58-per-dollar level, putting pressure on the central bank to step up efforts to support the currency.One of the Last Big Bears on Wall Street Turns Bullish on US Stocks
Central bank Governor Eli Remolona signaled last week that authorities could begin reducing the benchmark rate as early as August. That places it in contrast to peers in Thailand and Indonesia, which are reluctant to cut rates as the Federal Reserve debates the timing of its own monetary easing. Michael Burry bought about $8 million worth of a trust that owns physical gold bullion. John Paulson has been betting big on gold for years.Achieving seven-figure TFSA wealth is doable with two large-cap, high-yield dividend stocks. The post Million-Dollar TFSA: 1 Way to Achieve to 7-Figure Wealth appeared first on The Motley Fool Canada.
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Philippine Peso Drops Most in Asia as Calls for Rate Cut BuildThe Philippine peso fell the most in Asia as expectations for an interest-rate cut mounted following the release of weak economic growth data last week.
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Philippine Peso Support at 58 Seen Holding as BSP Pushes Back(Bloomberg) -- The Philippines’ latest line in the sand for the peso appears to have settled halfway between its previous two, with 58 per dollar the new...
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Philippine Peso Support at 58 Seen Holding as BSP Pushes BackThe Philippines’ latest line in the sand for the peso appears to have settled halfway between its previous two, with 58 per dollar the new level to defend for the central bank.
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Peso Fall Won’t Spur Philippine Rate Hike Yet, Finance Head SaysThe Philippine peso’s current slump is unlikely to prompt the central bank to raise its key interest rate from a 17-year high at this time, according to Finance Secretary Ralph Recto.
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Bonds at Risk from Asia’s Most Inflation-Sensitive Central BankEmerging Asia’s worst-performing sovereign bonds are at risk of further declines as the Philippine central bank looks to delay monetary easing due to inflation fears and a weak peso.
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