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
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
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
October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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