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
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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