MANILA – The peso climbed to a four-and-a half-year high, closing Tuesday at 41.33 against the US dollar amid strong appetite for risk among investors.
At the Philippine Dealing System, the local currency opened at 41.43 and traded to a high of 41.33 vis-à-vis the greenback, or 12.5 centavos stronger than the 41.455 finish on Monday. Trading volume jumped to $1.021 billion from the previous $687.95 million.
Currency traders said this was the highest close in four and a half years. On September 17, the peso tested the 41.33-to-a-dollar level during intraday trading before pulling back.
Markets around the region also rose on Tuesday, buoyed by US retail sales, which unexpectedly rose 1.1 percent in September.
A currency trader said risk appetite has gone up because of the positive outlook on the EU, with indications that Spain will finally avail of a bailout package.
The trader said the next support level is at P41.20:$1, adding that the exchange rate may soon reach the P41:$1 level barring any bad news in the coming days. –Likha Cuevas-Miel, InterAksyon.com
Nov 16 – International Day for Tolerance
“No more toleration of corruption!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
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November
Nov 2 – Intl Day to End Impunity for
Crimes Against Journalists
Nov 9 – World Science Day for Peace
and Development
Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
Violence Against Women
Monthly Observances:
Homes Safety Month
Filipino Values Month
National Rice Awareness Month
National Consciousness Month
for Punctuality and Civility
Environmental Awareness Month
National Children’s Month
Organic Agriculture Month
Weekly Observances:
Nov 19-25: Global Warming and
Climate Change Consciousness Week
Nov 23-29: National Girls’ Week
Population and Development Week
Nov 25 – Dec 12: Social Welfare Week
18-Day Campaign to End
Violence against Women
Week 2: Week 3: Drug Abuse Prevention
and Control Week
Last Week: Safety and Accident
Prevention Week
Daily Observances:
Last Saturday: Career Executive Service
Day
Nov 19: National Child Health Day
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