US Dollar

**dreamur** · August 11th, 2017 05:44 PM

Originally Posted by StockEngine

51php... damnn

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Yet US stocks are plummeting because of the Nokor threat. It is only the peso that is depreciating.

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**StockEngine** · August 11th, 2017 06:18 PM

masaya lng mga kumakayod na mga ofw.. hehehe

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**uls** · August 11th, 2017 06:27 PM

php fell against usd but usd isn't really that strong

i see strong demand in jpy, chf

**uls** · August 14th, 2017 11:58 AM

dollar index below 93 again

US inflation can't seem to pick up

Fed rate hike on hold

not good for the dollar

**boybi** · August 14th, 2017 12:42 PM

Originally Posted by uls

dollar index below 93 again

US inflation can't seem to pick up

Fed rate hike on hold

not good for the dollar

I will need some USD, should I wait a few more days to buy USD?

**uls** · August 14th, 2017 01:01 PM

dunno gaano pa hihina ang USD vs. PHP

everytime USDPHP falls below 51 is a buying opportunity i think

kahit humina ang dollar, hindi gaano lumalakas ang piso

buy on dips

**StockEngine** · August 14th, 2017 10:14 PM

51.28.. yum 😁

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**Monseratto** · August 14th, 2017 10:17 PM

Peso meltdown...

USD / PHP
51.2680
Data as of 08:59 EDT

PH peso to remain region’s worst performer until yearend—ANZ | Inquirer Business

**Wh1stl3r** · August 15th, 2017 06:59 AM

This was a month ago but still offers insight:
BusinessWorld | Bad news for the peso

Excerpt:

Columnist Wilson Sy analyzed whether the peso is weak on its own or a victim of the US dollar’s strength. He concluded that “contrary to popular notion, the peso’s drop in September was not due to a strong dollar. In fact, the peso was a victim of its own weakness (Ibid.).” Foreign funds became jittery due to negative headlines, and pulled out. The peso weakness caused stock prices to fall, bond yields to go up and credit default swaps to rise. Foreign funds flying out and Philippine asset prices plunging across the board prompted investors to reduce their exposure to the Philippines even more, causing the currency to depreciate further (Ibid.). It was barely three months into President Duterte’s incumbency.

Foreign media was more vocal than local media in tying up the depreciation of the peso to Duterte. “The firebrand Duterte, who is often compared with Trump, has sparked concerns in markets not just for his erratic outbursts, which have included threatening China with a ‘bloody’ confrontation over disputes in the South China Sea (note: Duterte position pivoted 180 degrees as he now avoids clashing with China), but also for pursuing a ‘law-and-order’ agenda that has been blamed for a surge in extrajudicial killings. Murders allegedly have been ordered by the Philippine president during his tenure as mayor of Davao city (CNBC 09.27.2016.).”

Ratings agency Standard & Poor’s affirmed its BBB long-term rating on the country but made a significant inclusion: “We believe this could undermine respect for the rule of law and human rights, through the direct challenges it presents to the legitimacy of the judiciary, media, and other democratic institutions. When combined with the president’s policy pronouncements elsewhere on foreign policy and national security, we believe that the stability and predictability of policy making has diminished somewhat (Ibid.).”

The ratings agency’s warning spooked markets, Joey Cuyegkeng, senior economist for Asia at ING, said: “To make such concern an ‘official concern’ reinforced market’s guarded disposition (Ibid.).” Duterte (reportedly) responded with a profanity-laden speech complaining about ratings agencies and promising to create alliances with China and Russia (Ibid.).

11 year low. Yet BSP tells us not to panic lol. Intervention worth Usd 5.x billion did next to nothing. When will they tighten money supply? At Php60/Usd? It's not like growth targets will be achieved if inflation goes out of control.