{"id":144763,"date":"2018-01-09T00:26:06","date_gmt":"2018-01-09T05:26:06","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=144763"},"modified":"2018-01-09T00:26:06","modified_gmt":"2018-01-09T05:26:06","slug":"psei-peso-start-week-with-losses","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2018\/01\/09\/psei-peso-start-week-with-losses\/","title":{"rendered":"PSEi, peso start week with losses"},"content":{"rendered":"

\"<\/a>

The trader explained that US monetary officials have earlier indicated optimism about hitting of their two percent long-term target (Photo by Katrina.Tuliao (https:\/\/www.tradergroup.org) [CC <\/a>BY 2.0)<\/a><\/figcaption><\/figure>MANILA \u2014 Optimism for more hikes in the Federal Reserve rates led the Philippine peso to depreciate as the main equities index slid down on Monday.<\/p>\n

The local currency shed PHP0.285 during the day and closed at 50.15 from 49.865 Friday last week.<\/p>\n

A trader said the boost from the signing into law and the eventual implementation of the first package of tax reform in the country waned a bit ahead of the release of US inflation rate at the end of this week.<\/p>\n

The trader explained that US monetary officials have earlier indicated optimism about hitting of their two percent long-term target, which would be another reason for a Fed rate hike.<\/p>\n

For the day, the local currency opened at 49.86, little changed from the 49.83 in the previous session.<\/p>\n

It traded between 49.81 and its closing level, resulting to an average of 50.00.<\/p>\n

Volume for the day reached USD797.1 million, higher than the USD715.7 million at the end of last week.<\/p>\n

The currency pair is seen to trade between 49.80 and 50.00 on Tuesday.<\/p>\n

The Philippine Stock Exchange index (PSEi) lost 0.28 percent, or 24.88 points, to 8,745.12 points.<\/p>\n

Most of the other indices tracked the main index, with the broader All Shares down by 0.21 percent, or 10.55 points, to 5,065.77 points.<\/p>\n

The sectoral indices that also finished the day on the red include the Property, 1.35 percent; Mining and Oil, 0.91 percent; Financials, 0.50 percent; and Services, 0.37 percent.<\/p>\n

Volume for the day totalled to 1.09 billion shares amounting to PHP7.07 billion.<\/p>\n

Losers led gainers at 128 to 75 while 43 shares were unchanged.<\/p>\n","protected":false},"excerpt":{"rendered":"

MANILA \u2014 Optimism for more hikes in the Federal Reserve rates led the Philippine peso to depreciate as the main …<\/p>\n","protected":false},"author":33,"featured_media":86485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[42405,42404,929],"class_list":["post-144763","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-federal-reserve-rates-led-the-philippine-peso","tag-peso-start-week-with-losses","tag-psei","mauthors-joann-villanueva","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/144763","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=144763"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/144763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/86485"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=144763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=144763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=144763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}