{"id":92948,"date":"2017-03-07T22:29:33","date_gmt":"2017-03-08T03:29:33","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=92948"},"modified":"2017-03-07T22:29:33","modified_gmt":"2017-03-08T03:29:33","slug":"php-firm-vs-usd-amid-profit-taking-psei-down","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/03\/07\/php-firm-vs-usd-amid-profit-taking-psei-down\/","title":{"rendered":"PHP firm vs. USD amid profit taking, PSEi down"},"content":{"rendered":"<p><figure id=\"attachment_86485\" aria-describedby=\"caption-attachment-86485\" style=\"width: 640px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/01\/psei.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-86485\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/01\/psei.jpg\" alt=\"The Philippine peso closed better against the greenback Tuesday amid profit taking but the Philippine Stock Exchange index\u2019 (PSEi) ended its three-day rally.  (Photo by Katrina.Tuliao (https:\/\/www.tradergroup.org) [CC BY 2.0)\" width=\"640\" height=\"480\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/01\/psei.jpg 640w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/01\/psei-300x225.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption id=\"caption-attachment-86485\" class=\"wp-caption-text\">The Philippine peso closed better against the greenback Tuesday amid profit taking but the Philippine Stock Exchange index\u2019 (PSEi) ended its three-day rally. (Photo by <a href=\"https:\/\/commons.wikimedia.org\/wiki\/File%3APhilippine-stock-market-board.jpg\">Katrina.Tuliao (https:\/\/www.tradergroup.org) [CC BY 2.0<\/a>)<\/figcaption><\/figure>MANILA\u2014The Philippine peso closed better against the greenback Tuesday amid profit taking but the Philippine Stock Exchange index\u2019 (PSEi) ended its three-day rally.<\/p>\n<p>The local currency finished the day at 50.27 from 50.39 Monday, which a trader said tracked outcomes in the region.<\/p>\n<p>The trader said investors booked gains, especially with domestic inflation registering another uptick last February to 3.3 percent from month-ago\u2019s 2.7 percent.<\/p>\n<p>The increase in inflation rate prompted investors to hope for a hike in the Bangko Sentral ng Pilipinas (BSP) rate later this year, the trader said.<\/p>\n<p>These factors resulted in a more positive opening for the peso during the day at 50.34 from 50.40 in the previous session.<\/p>\n<p>It traded between 50.37 and 50.27, bringing the day\u2019s average to 50.31.<\/p>\n<p>Volume of trade reached USD481.5 million, higher than the USD352.2 million.<\/p>\n<p>The currency pair is seen to trade between 50.20 and 50.40 Wednesday.<\/p>\n<p>The PSEi ended the day at 7,294.52 points, down 0.27 percent or 19.35 points.<\/p>\n<p>All Shares followed with a 0.33 percent, or 14.56 points, to 4,400.57 points.<\/p>\n<p>Most of the sectors also finished the day on the red, led by the Property with 1.08 percent drop.<\/p>\n<p>Holding Firms, Mining and Oil, and Industrial trailed with declines of 0.72 percent, 0.62 percent, and 0.07 percent, respectively.<\/p>\n<p>Financials and Services gained 1.13 percent and 0.10 percent, respectively.<\/p>\n<p>Volume for the day involved 1.77 billion shares amounting to Php 8.4 billion.<\/p>\n<p>Losers led gainers at 109 to 82 while 40 shares were unchanged.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u2014The Philippine peso closed better against the greenback Tuesday amid profit taking but the Philippine Stock Exchange index\u2019 (PSEi) ended &hellip;<\/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":[15398,12556],"class_list":["post-92948","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-philippine-peso","tag-philippine-stock-exchange-index","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/92948","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=92948"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/92948\/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=92948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=92948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=92948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}