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hirap talaga maintindihan ang stock market in a layman's point of view. kahit cguro mga financial analyst hindi rin nila alam yan kung kailan tataas at baba.![]()
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hirap talaga maintindihan ang stock market in a layman's point of view. kahit cguro mga financial analyst hindi rin nila alam yan kung kailan tataas at baba.![]()
Peso still falling against US $...
BDO selling rate= 44.35
http://www.abs-cbnnews.com/business/...against-dollar
MANILA -- The peso has breached the P44-level against the dollar on Friday, further weakening from an already 17-month-low finish on Thursday.
The local currency opened lower on Friday at P44 per dollar, from its P43.80 close on Thursday.
The peso, mirroring other Asian currencies, weakened on Thursday after the US Federal Reserve announced it would reduce stimulus due to an improving US economy.
US Fed Ben Bernanke's statement prompted investors to pull out of emerging markets and divert funds to the US.
As a result, such also prompted sell-offs in regional equity markets, including in the Philippines.
The Philippine Stock Exchange index on Friday lost 2.88% or 182.29 points to 6,144.38 as of 9:55 a.m. The broader all-shares index also fell 2.65% or 103.92 points to 3,815.73.
Last edited by Monseratto; June 21st, 2013 at 11:45 AM.
selling peso-denominated assets convert pesos to dollars driving up the dollar
as the dollar strengthens more foreign-owned peso-denominated assets have to be sold quickly before the dollar goes even higher
so more selling of peso-denominated assets convert pesos to dollars driving the dollar even higher
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if you're a local company who borrowed in dollars when USDPHP was at 40...
your business earns in pesos so now you need more pesos to buy dollars to pay back the loan
USD appreciation just made the loan more expensive to service
Last edited by uls; June 21st, 2013 at 11:57 AM.
importers must be scrambling to buy dollars
driving the dollar even higher
Are ROP bonds good? Someone wants to sell me ROP bonds in USD. Guaranteed 5% dividend per annum, given every 6mos.
Maturity 24yrs from now, yield of around 120%.
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afaik bonds/government securities guaranteed by the philippines is seemingly safe.
i would wait for newer issuance
bumaba ang prices ng Phil. govt bonds coz of the EM selloff
newer issuance could have higher interest rate
but for the same amount of capital why wouldnt you want a newer bond that pays higher interest?
Or consider corporate bonds..
Ayala Land May Offer 25-Year Tenor in $486 Million Bond Sale - Bloomberg