Arab Today, arab today philippine peso declines
Last Updated : GMT 13:46:35
Arab Today, arab today
Arab Today, arab today

Philippine Peso declines

Arab Today, arab today

Arab Today, arab today Philippine Peso declines

Manila - Arabstoday

The Philippine peso fell for a second day after Moody’s Investors Service downgraded the credit ratings of 15 global banks, adding to concerns about a global economic slowdown. The currency declined this week for the first time in a month as the central bank reported the balance of payments surplus dropped 73 per cent in the first five months of the year to $1.3 billion (Dh4.8 billion). Governor Amando Tetangco predicted it will end 2012 at $2.6 billion, compared with an earlier estimate of $2.8 billion. “The downgrade of the banks generally weakened investor sentiment,” said Raul Tan, head of the balance-sheet segment of Rizal Commercial Banking’s Treasury Group in Manila. Implied volatility The peso fell 0.1 per cent to 42.452 per dollar as of 11.43am local time, according to prices from Tullett Prebon. It declined 0.5 per cent this week. One-month implied volatility, which measures exchange-rate swings used to price options, was unchanged at 5.95 per cent. The central bank will “respond, as appropriate, to ensure there is no excessive volatility in domestic markets” caused by developments in Europe and the US, Tetangco wrote in an email on Thursday. Authorities will ensure growth is sustained while inflation targets are met, he added. The Federal Reserve this week cut its 2012 expansion estimate to a range of 1.9 per cent to 2.4 per cent, compared with an April prediction of 2.4 per cent to 2.9 per cent. The US is the Philippines’ biggest source of repatriated funds and its second-largest export market. Remittances support Cash sent home by Filipinos living overseas increased 5.3 per cent in April from a year earlier, compared with a 5 per cent gain in March, the central bank reported on June 15. Exports rose 7.6 in April following a 1.2 per cent drop the previous month, official data show. Overseas sales and remittances account for more than 30 per cent of the $200 billion economy. “We’re still seeing steady flows in remittances as well as revenue from the outsourcing sector,” Rizal Commercial Bank’s Tan said. “Philippine assets are supported by strong growth and stable inflation.” The yield on 7.375 per cent government bonds due March 2021 rose three basis points on Friday, or 0.03 percentage point, to 5.4 per cent, according to Tradition Financial Services. The rate was 5.43 per cent at the end of last week.from gulfnews.com

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today philippine peso declines Arab Today, arab today philippine peso declines

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today philippine peso declines Arab Today, arab today philippine peso declines

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Ryanair's O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

Ryanair's O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday