{"id":111299,"date":"2017-08-10T22:30:59","date_gmt":"2017-08-11T02:30:59","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=111299"},"modified":"2017-08-10T22:30:59","modified_gmt":"2017-08-11T02:30:59","slug":"peso-psei-slide-further-on-us-nokor-issues","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/08\/10\/peso-psei-slide-further-on-us-nokor-issues\/","title":{"rendered":"Peso, PSEi slide further on US-NoKor issues"},"content":{"rendered":"
\"Front<\/a>
Front view of the Philippine Stock Exchange Building along Ayala Avenue, Makati City, Metro Manila (Photo by Patrick Roque – Taken using my camera with model DSC-HX5V, CC BY-SA 3.0<\/a>)<\/figcaption><\/figure>\n

MANILA, Aug. \u2014 Recent carping remarks between officials of the US and North Korea continue to make investors risk-aversed\u00a0 resulting to another weakness for both the Philippine peso and the stocks market Thursday.<\/p>\n

The local currency finished the day at 50.79, PHP0.22 weaker than its 50.57 close Wednesday, which a trader again attributed to foreign selling in the local bourse.<\/p>\n

All eyes were also on the trade gap report and the tone of the Bangko Sentral ng Pilipinas (BSP) after its rate setting meeting Thursday.<\/p>\n

In the first half this year, the country registered a trade deficit of USD2.15 billion, lower than year-ago\u2019s USD2.37 billion gap.<\/p>\n

Last June alone, exports\u00a0 grew by 0.8 percent year-on-year to USD4.91 billion, a reversal from the 9.2 percent decline same period last year.<\/p>\n

Imports, during the same period, contracted by 2.5 percent to USD7 billion, a turn-around from the 21.9 percent rise in June 2016.<\/p>\n

The policy-making Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) kept rates steady as expected but hiked inflation projections for 2017 to 2019 partly due to higher oil prices.<\/p>\n

Inflation is seen to average at 3.2 percent in 2017\u00a0 and 2018 , and 3.1 percent in 2019. These were previously at 3.1 percent for 2017 and three percent for 2018-19.<\/p>\n

The peso opened sideways during the day at 50.65 from 50.58 in the previous day.<\/p>\n

It traded between 50.80 and 50.63, resulting in an average of 50.68.<\/p>\n

Volume of trade rose to USD692.55 million from day-ago\u2019s USD631.5 million.<\/p>\n

The trader expects the peso to range between 50.50 and 50.70 to a greenback Friday.<\/p>\n

The Philippine Stock Exchange index (PSEi) lost 0.25 percent, or 19.58 points, to 7,966.25 points and this was still due to concerns\u00a0 on the latest US-North Korea spat.<\/p>\n

All Shares followed the main index after it contracted by 0.31 percent, or 14.57 points, to 4,708.56 points.<\/p>\n

It was a balance between the sectors after half registered gains namely Services, 1.73 percent; Financials, 0.43 percent; and Property, 0.24 percent.<\/p>\n

Industrial, Holding Firms, and Mining and Oil were at the other side when these fell 1.61 percent, 1.12 percent, and 0.81 percent, respectively.<\/p>\n

Total volume reached 1.17 billion shares amounting to PHP5.2 billion.<\/p>\n

Losers continued to surpass gainers at 111 to 84 while 52 shares were unchanged. (PNA)<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA, Aug. \u2014 Recent carping remarks between officials of the US and North Korea continue to make investors risk-aversed\u00a0 resulting …<\/p>\n","protected":false},"author":33,"featured_media":111302,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[410,5972,3257,7398,352],"class_list":["post-111299","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-korea","tag-peso","tag-pse","tag-stock-market","tag-us","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/111299","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=111299"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/111299\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/111302"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=111299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=111299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=111299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}