The local unit closed at P54.54 per dollar on Friday, strengthening by nine centavos from its P54.63 finish on Thursday, Bankers Association of the Philippines data showed. READ:
THE PESO may continue to move sideways this week as investors await the US Federal Reserve’s next move.
The greenback was mostly on the defensive last week, as a slew of data from consumer spending to business activity and inflation across major economies highlighted an increasingly fragile outlook for US growth, Reuters reported. The US central bank last year raised borrowing costs by 425 bps, bringing the fed funds rate to 4.25-4.5%. The first Fed meeting for this year will be held from Jan. 31 to Feb. 1.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LOOK: Sofia Pablo attends Stray Kids fan meet in ManilaSofia Pablo had a fun Friday night at the Stray Kids fan meeting!
Read more »
Fuel prices set to rise by P2.50 a liter, says DOEShe said gasoline might go up by P2.30 to P2.50 per liter, while diesel might increase by P1.90 to P2.10 per liter. Kerosene would also go up by P2.15 to P2.30 per liter. READ:
Read more »
Lebanon says it will pay UN dues after losing voting rightsLebanon will pay arrears to the United Nations to regain its rights at the world body, its foreign ministry said, after the country, which is in deep financial crisis, lost UN voting rights for the second time in three years due to unpaid contributions.
Read more »
P6.8 million worth of shabu seized in Camarines SurLEGAZPI CITY — Authorities arrested a suspected drug personality and recovered P6.8 million worth of shabu (crystal meth) at a buy-bust in Pili town in Camarines Sur province on Friday, Jan.
Read more »
Allies offer more weapons to Ukraine, but no decisions made on tanksWestern allies dampened Ukraine’s hopes for a rapid shipment of battle tanks to boost its firepower for a spring offensive against Russian forces, with the United States urging Kyiv to hold off from mounting such an operation. | Reuters
Read more »
Brooke Shields describes rape in Sundance documentaryBrooke Shields revealed she was raped as a young Hollywood actress in new documentary “Pretty Baby: Brooke Shields,” which premiered at the Sundance film festival on Friday, Jan. 20. | AFP
Read more »