{"id":111420,"date":"2017-08-11T02:23:29","date_gmt":"2017-08-11T06:23:29","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=111420"},"modified":"2017-08-11T02:23:29","modified_gmt":"2017-08-11T06:23:29","slug":"peso-touches-51-level-vs-usd-friday-morning","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/08\/11\/peso-touches-51-level-vs-usd-friday-morning\/","title":{"rendered":"Peso touches 51-level vs USD Friday morning"},"content":{"rendered":"<figure id=\"attachment_111421\" aria-describedby=\"caption-attachment-111421\" style=\"width: 415px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/nesting-final.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-111421\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/nesting-final.jpg\" alt=\"Bangko Sentral ng  Pilipinas (BSP) Governor Nestor Espenilla Jr. (PNA Photo)\" width=\"415\" height=\"260\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/nesting-final.jpg 415w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/08\/nesting-final-300x188.jpg 300w\" sizes=\"auto, (max-width: 415px) 100vw, 415px\" \/><\/a><figcaption id=\"caption-attachment-111421\" class=\"wp-caption-text\">Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. (PNA Photo)<\/figcaption><\/figure>\n<p>MANILA, Aug. 11 \u2014Risk aversion has weakened the Philippine peso to 51-level to a greenback Friday morning.<\/p>\n<p>The local unit touched the 51.08 mid-trade, it\u2019s weakest in the day\u2019s first half trading.<\/p>\n<p>It opened the day at 50.90, a big drop from the previous day\u2019s 50.65 start.<\/p>\n<p>It\u2019s weakest level in the morning session was 51.08 while its opening level was its strongest, bringing the session\u2019s average to 51.02.<\/p>\n<p>Bangko Sentral ng\u00a0 Pilipinas (BSP) Governor Nestor Espenilla Jr., in a Viber message to reporters, said the central bank continued to monitor market developments.<\/p>\n<p>\u201cWe\u2019re constantly monitoring peso developments for excessive short-term volatility not consistent with underlying economic fundamentals and take appropriate action when necessary,\u201d he said.<\/p>\n<p>Traders attributed the recent weakness of the peso to risk aversion due to recent spats between officials of the U.S. and North Korea.<\/p>\n<p>Amid this weakness, Espenilla remains optimistic on the local currency.<\/p>\n<p>\u201cWe recognize that the market is also often self-correcting,\u201d he added.<\/p>\n<p>BSP maintains a market-determined exchange rate\u00a0 but the central bank\u00a0 joins in the market to address extreme volatility. (PNA)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA, Aug. 11 \u2014Risk aversion has weakened the Philippine peso to 51-level to a greenback Friday morning. The local unit &hellip;<\/p>\n","protected":false},"author":33,"featured_media":111421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[21032,5972],"class_list":["post-111420","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bangko-sentral-ng-pilipinas-bsp-governor-nestor-espenilla-jr","tag-peso","mauthors-joann-villanueva"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/111420","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=111420"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/111420\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/111421"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=111420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=111420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=111420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}