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The US dollar to Philippine peso has broken the 44 barrier. As usual this has been caused by the trouble in the Euro Zone. But and this is a big but. New jobless claims have fallen to a pre-Obama administration rate. This is the lowest rate in new claims in 3.5 years. US Dollar to…
There has been a lot of news lately about the US Dollar to Philippine peso currency exchange. As usual, the currency pair been trading all over the place. A couple of weeks ago the dollar was pushing upon P44. Then it was down in the upper P42 area again. Here is a chart from XE…
Dollar Trading Finally Over The 43 Barrier It has been a while since we saw the dollar trading above 43 to the US dollar but it closed at 43.6499 yesterday! That is according to XE which is where most expats living in the Philippines turn to get an accurate rate. The rate at Bangko Sentral…
With inflation fears low for those living in the Philippines and US public debt near record highs, I wouldn’t expect the dollar to rise a lot in the near future. I don’t think the dollar will necessarily fall much either though. I can live with stable. The Philippines also has high public debt. …
The Federal Reserve Bank of the US has been buying up US Treasuries in order to put more cash into circulation.. This week, the Fed announced plans to buy up another 1.2 trillion in bonds and US government backed debt.
This is good news for home buyers but it could be bad news for the US expats around the world. The dollar slide significantly yesterday against the Euro, Pound and Yen. This is not a new policy as the Fed has already purchased about $450 billion… It is a much more aggressive stance though.
… Read More [ Weaker Dollar ]
Overseas Filipino Workers Remittances Down ABS-CBN News is reporting that remittances are down sharply. The Philippines economy gets a huge boost to its economy from Filipino that work overseas and send money back home to their relatives. The Philippines National Bank feels that remittances could fall as much as 9%. A firm in Austria that…
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