{"id":120310,"date":"2017-09-29T05:31:41","date_gmt":"2017-09-29T09:31:41","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=120310"},"modified":"2017-09-29T05:31:41","modified_gmt":"2017-09-29T09:31:41","slug":"peso-back-at-50-level-vs-usd-psei-slides","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/09\/29\/peso-back-at-50-level-vs-usd-psei-slides\/","title":{"rendered":"Peso back at 50-level vs. USD, PSEi slides"},"content":{"rendered":"
\"FILE:<\/a>
FILE: The local unit finished the day at 50.98 from 51.02 a day ago, which a trader said is normal as investors take note of the recent statements by Yellen.(Photo by Debbie Tingzon\/Flickr, CC BY 2.0)<\/figcaption><\/figure>\n

MANILA<\/strong> \u2014 Hawkish tone by Federal Reserve chair Janet Yellen still resonates to the market so is the cautious tone on rate hikes, thus, the peso took a slight breather and was able to get back to the 50-level Thursday but not the main stocks gauge.<\/p>\n

The local unit finished the day at 50.98 from 51.02 a day ago, which a trader said is normal as investors take note of the recent statements by Yellen.<\/p>\n

The trader said the peso\u2019s fluctuation is as expected as investors weigh the possibility of another rate hike later this year or otherwise.<\/p>\n

For the day, the peso opened at 51.05, slightly down from the 50.98 a day ago.<\/p>\n

It traded between 50.97 and 51.165, bringing the day\u2019s average to 51.07.<\/p>\n

Volume for the day reached USD881.5 million, up from the USD684.7 million Wednesday.<\/p>\n

The currency pair is seen to trade between 50.90 and 51.10 Friday.<\/p>\n

On the other hand, the Philippine Stock Exchange index (PSEi) lost 0.80 percent, or 65.88 points, to 8,156.04 points a day after recovering from a three-day drop.<\/p>\n

The broader All Shares also contracted and fell 0.68 percent, or 32.84 points, to 4,818.25 points.<\/p>\n

The sectors that tracked the main index include the Holding Firms, 1.18 percent; Property, 0.79 percent; Industrial, 0.77 percent; Financials, 0.34 percent; and Services, 0.18 percent.<\/p>\n

Only the Mining and Oil registered gains after it rose 0.78 percent.<\/p>\n

Volume reached 1.66 billion stocks amounting to Php10.6 billion.<\/p>\n

Losers led gainers at 141 to 70 while 38 shares were unchanged.\u00a0(PNA)<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA \u2014 Hawkish tone by Federal Reserve chair Janet Yellen still resonates to the market so is the cautious tone …<\/p>\n","protected":false},"author":33,"featured_media":115219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[5972,929,15399],"class_list":["post-120310","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-peso","tag-psei","tag-usd","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/120310","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=120310"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/120310\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/115219"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=120310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=120310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=120310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}