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GREED IS GOOD! : Currencies

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  • US DOLLAR RATES

    Ph Peso 42.925

    Yen 105.58

    HK Dollar 7.7936

    Indonesia Rupiah 8,668

    Thailand Baht 39.065

    SG Dollar 1.7310

    1 TW Dollar 30.787

    Korea Won 1,116.9

    1 Malaysian Ringgit 3.7998

    Euro 1.0636

    UK Pound 0.6676

    As of 5:04 AM GMT

  • US/HK dollar seen up on low HIBOR

    Hong Kong, June 27, 11:26a -- The U.S./Hong Kong dollar spot was trading higher in response to low HIBOR with better liquidity in the inter-bank market expected by Wednesday end, dealers said.

    The pair was quoted trading at 7.7933-7.7935 in the morning, compared with 7.7924-7.7928 late Monday, dealers said.

    The spot was trading higher as money managers moved into higher yielding U.S. dollars rather than the local unit, dealers said.

    The aggregate balance, or the sum of the clearing accounts in the inter-bank market, is expected to be at H.K. $629 million (U.S. $81 million) by the end of Tuesday, but it is seen to be at $1.026 billion by Wednesday's close, the Hong Kong Monetary Authority (HKMA) said.

    The overnight HIBOR remained trading under 6.0000% in the morning and was quoted at 5.5000% by one dealer.

    Other term HIBOR were barely changed from their previous closing levels, with one-month, three-month and six-month HIBOR trading at 6.1250%, 6.5000% and 6.7500%, respectively, compared with 6.1875%, 6.5000% and 6.6875%, respectively Monday, dealers said.


  • RP peso retains weak tone ahead of Fed, lower rates

    Manila, June 27, 11:17a -- The Philippine peso (PHP) kept its soft pitch against the U.S. dollar in early trade Tuesday as banks preferred long dollar positions ahead of the Federal Reserve's verdict and lower domestic interest rates, traders said.

    But players find no rush to aggressively buy the dollar yet and sees the peso's intra-day losses capped below the crucial PHP43 resistance. At 0207 GMT, the dollar/peso was bid at PHP42.945 against Monday's PHP42.910 close.

    The pair opened at PHP42.920 and dealings were shortly squeezed within a slim 5.5-centavo trading range between PHP42.915-PHP42.970.

    "People are playing safe and going a little long on the dollar since we are still waiting for the Fed action," said a major local bank trader.

    Most analysts believe the Fed will keep the key federal funds rate unchanged at 6.50% after raising the rates six times in the past 12 months. The Fed is slated to start a two-day policy meeting later Tuesday and will come out with its ruling on Wednesday.

    But traders said the pressure for the peso to further weaken remains amid an environment of lower local interest rates.

    The central bank on Monday adopted a three-tiered scheme for its overnight borrowing rate where it pays 10% for the first five billion pesos (U.S. $116.4 million) placed overnight and 8.5% for the next five billion pesos. A lower 7% yield is paid on overnight funds in excess of 10 billion pesos.

    For the past five weeks before Monday, the central bank's overnight borrowing rate was set at a uniform 10%.

    The central bank move, done to boost bank lending, prompted an across-the-board decline in the Treasury bill rates at the auction Monday led by the benchmark 91-day T-bill, which slipped to 8.896% against the previous 8.911%.

    A foreign bank dealer said dollar demand from banks with maturing non-deliverable forwards is also sapping the local currency. Volume traded at the Philippine Dealing System reached a measly U.S. $17 million more than an hour into trading.

    The foreign bank dealer said he expects the dollar's strength limited to PHP42.980 for the rest of Tuesday's trading but says the pair may head towards the critical PHP43 level within the week.

    "I think it will be difficult for the peso to strengthen beyond PHP42.900 at this point with the Fed factor and the lower interest rates for peso assets," said another local bank trader.


  • US DOLLAR RATES

    Ph Peso 43.095

    Yen 105.58

    HK Dollar 7.7946

    Indonesia Rupiah 8,673

    Thailand Baht 39.145

    SG Dollar 1.7338

    1 TW Dollar 30.798

    Korea Won 1,117.1

    1 Malaysian Ringgit 3.7998

    Euro 1.0583

    UK Pound 0.6639

    As of 3:58 AM GMT

  • US DOLLAR RATES

    Ph Peso 43.075

    Yen 105.53

    HK Dollar 7.7945

    Indonesia Rupiah 8,675

    Thailand Baht 39.145

    SG Dollar 1.7340

    1 TW Dollar 30.801

    Korea Won 1,117.1

    1 Malaysian Ringgit 3.7998

    Euro 1.058

    UK Pound 0.6642

    As of 3:37 AM GMT

  • Hi, Dailo! it's good to see someone posting these currency info updates here on PeX.

    May I suggest that you identify the source of your posts, e.g.Reuters, Telerate, Bloomberg, Bridge,etc? 'Yung lang. Keep up the good work! :)
  • LETS ALL WELCOME ATE RONEE!

    WELCOME!

    GREED IS GOOD! :D:D:D

    ps. My feeds come from Reuters, Bridge, Bloomberg.

    [This message has been edited by DAILO (edited 06-29-2000).]
  • US DOLLAR RATES

    Ph Peso 43.135

    Yen 105.07

    HK Dollar 7.7943

    Indonesia Rupiah 8,673

    Thailand Baht 39.125

    SG Dollar 1.7333

    1 TW Dollar 30.811

    Korea Won 1,114.4

    1 Malaysian Ringgit 3.7997

    Euro 1.0615

    UK Pound 0.6617

    As of 2:24 AM GMT

  • US DOLLAR RATES

    Ph Peso 43.228

    Yen 105.40

    HK Dollar 7.7948

    Indonesia Rupiah 8,725

    Thailand Baht 39.135

    SG Dollar 1.7335

    1 TW Dollar 30.801

    Korea Won 1,115.4

    1 Malaysian Ringgit 3.7997

    Euro 1.0511

    UK Pound 0.6587

    As of 2:13 AM GMT


  • Good Morning PExRs!

    Happy Trading !

    GREED IS GOOD! :D:D:D
  • Good Morning PExRs! I'm back!
    Happy Trading !

    GREED IS GOOD! :D:D:D
  • US DOLLAR RATES

    Ph Peso 43.553

    Yen 106.19

    HK Dollar 7.7954

    Indonesia Rupiah 8,965

    Thailand Baht 39.335

    SG Dollar 1.7317

    1 TW Dollar 30.810

    Korea Won 1,113.6

    1 Malaysian Ringgit 3.7998

    Euro 1.0551

    UK Pound 0.6609

    As of 1:58 AM GMT

  • RP peso falls to near 21-month low on domestic woes

    Manila, July 3 -- The Philippine peso (PHP) slumped to its near 21-month low against the U.S. dollar Monday amid renewed security concerns after another bomb was found in a local bank at the Makati financial district, traders said.

    Banks also found no incentive to part with their greenbacks due to the narrow differential between U.S. and domestic interest rates, they said. At 0800 GMT, the U.S. dollar/peso finished at PHP43.530 against Friday's PHP43.230 close.

    Monday's close was the peso's weakest level since it settled at PHP43.680 on October 7, 1998.

    The dollar/peso opened strongly at PHP43.350 amid softer regional currencies and continued to edge higher to break the critical PHP43.400 resistance and rose to its intra-day high of PHP43.580 before the close of morning trade following reports that local police has defused another bomb found inside the automated teller machine booth of a Makati branch of Metropolitan Bank and Trust Co, the country's biggest bank.

    Despite the peso's sharp drop, total volume at the Philippine Dealing System, however, reached a paltry U.S. $98.1 million compared to $108.6 million the previous session. p>;"It's really because of a series of bad news. The region was weak and then there were the internal factors--the Abu Sayyaf reportedly having more hostages, violent protests against the oil price increase at the (Pilipinas Shell Petroleum Corp) head office last night and this morning the bomb found at Metrobank," a trader at a U.S. bank said.

    Local newspapers said earlier Monday the Muslim group Abu Sayyaf abducted a German journalist Sunday and prevented a leader of a religious group and 12 of his followers from returning home Saturday. The alleged new hostages will add to the 20 mostly foreigners held captive by the Abu Sayyaf for more than 10 weeks already at the southern island of Sulu.

    Meanwhile, various sectors were protesting the 55 centavo (U.S. $0.0127) per liter increase in petroleum prices which took effect Friday midnight. Dealers said most banks also preferred to hold on to dollars amid the narrow differential between U.S. and domestic interest rates.

    "The overall sentiment (for the peso) remains (negative) because the interest rate differential remains small," a trader for another U.S. bank said.

    The peso started to fall sharply last week after the central bank effectively reduced its overnight borrowing rate on June 26, bringing the yield to as low as 7% compared to the fixed 10% in past five consecutive weeks.

    But central bank Governor Rafael Buenaventura earlier Monday blamed the peso's fall to weaker regional currencies led by the Indonesian rupiah, seeing no reason to intervene and rescue the local currency.

    At 0919 GMT, the dollar/rupiah was quoted at 8,930, sharply higher against 8,728 in late Asian trade Friday after Indonesia's President Abdurrahman Wahid announced he would sanction the national police to arrest several legislators whom he blamed for many of country's problems.

    Dealers said the peso may test its psychological PHP43.600 support Tuesday although weak demand for the greenback is expected as U.S. financial markets go on holiday and may limit the local unit's losses. -- Bridge News



  • yun pound ba zero point something parin hanggang ngayon?
    bakit yun nakikita ko sa CNBC lately parang one point something na ang pound?
    gulat nga ako nataasan na ng dollar yun pound. :confused:

    .


    :D:D:D
  • US DOLLAR RATES

    Ph Peso 43.665

    Yen 106.06

    HK Dollar 7.7958

    Indonesia Rupiah 9,085

    Thailand Baht 39.345

    SG Dollar 1.7338

    1 TW Dollar 30.805

    Korea Won 1,115.9

    1 Malaysian Ringgit 3.7997

    Euro 1.0509

    UK Pound 0.6618

    As of 3:59 AM GMT

  • RP peso slips early on rupiah

    Manila, July 5, 11:37a -- The Philippine peso (PHP) continued its decline against the U.S. dollar Wednesday amid a drought of dollar inflows and a sliding Indonesian rupiah, traders said.

    But rumors of intermittent central bank intervention are capping the peso's fall, they said. At 0222 GMT, the dollar/peso was bid at PHP43.610 against Tuesday's local trading close of PHP43.535, a new low for the local currency in nearly 21 months.

    The dollar/peso opened in local trading at PHP43.600 but shortly touched an early low of PHP43.595 on talk that the Bangko Sentral ng Pilipinas (Central Bank of the Phils.) indirectly sold dollars at the PHP43.600 level to contain the dollar's rise.

    But traders said the central bank soon let go, prompting dollar bulls to bid the greenback higher and hit an early peak of PHP43.650.

    "This time, the central bank is there selling at the PHP43.650 level," said a local bank dealer.

    "There is a drought of dollar supply in the market unlike in May, when we saw some corporate inflows and remittances (from overseas Filipino workers). The weaker regionals, led by the rupiah, is also adding fuel to the fire," said a trader with a Dutch bank.

    The dollar/rupiah was bid at 9,050 at 0245 GMT from 8,925 late Tuesday following news that a bomb went off late Tuesday in a building in the Attorney General's office complex.

    Traders said most market players are quite cautious in bidding up the greenback amid the perceived presence of the central bank.

    Central bank Governor Rafael Buenaventura has consistently denied intervening in the currency market to prop up the peso. He has said he is confident the dollar/peso will soon correct when the region's queasy nerves ease and U.S. interest rates become steady.

    The dollar/peso breached the crucial 43 resistance on June 27 after the central bank adopted a three-tiered borrowing scheme that effectively cut its overnight borrowing rate to as low as 7% from a fixed rate of 10%.

    Another local trader said news of a lower-than-expected inflation for June barely boosted the peso.

    "I think most banks just shrugged off the inflation figures since they feel it's not quite reflective of reality," he said.

    Philippine year-on-year inflation slipped in June to 3.9% from 4.1% in May on the back of lower inflation for food and services, the National Statistics Office said earlier Wednesday. It was the first time this year inflation posted a fall, bringing the January-June average to 3.5%, well below the government's 5-6% aim this year.

    Traders said the dollar/peso will likely be supported at PHP43.600 level intra-day while eyeing the next resistance of PHP43.750. -- Bridge News

  • Im back everyone... I've been busy... and let me correct that i am alive and well... i did not jump off a building as some of you who emailed me. I acknowledge the market sucks , however there are other markets... Theres a market open somewhere around the world even when ours is closed...

    GREED IS GOOD! :D:D:D
  • RP peso hits 44.00 despite talk of central bank aid

    Manila, July 7, 1:22p -- The Philippine peso (PHP) fell to its critical PHP44.000 support in brisk trade early Friday despite rumors of central bank intervention and steady regional currencies as companies continued to accumulate dollars in anticipation of a further weakening in the local unit, dealers said.

    The U.S. dollar/peso was bid at PHP43.980 against Thursday's PHP43.950 close in local trade.

    The pair opened softly at PHP43.920 and briefly touched an early low of PHP43.910 before steadily rising to hit an early peak of 44.005 as total volume reached a sizable U.S. $49 million.

    "We see some panic buying (of dollars) from corporates and individuals which is the same as yesterday. Earlier, the PDS (Philippine Dealing System) was supported at PHP43.950, presumably by the central bank, but it eventually gave way after seeing the huge dollar demand," said a senior trader at major local bank.

    A trader from a foreign bank said the central bank possibly through two foreign banks was estimated to have sold $20 million but eventually abandoned its support for the local unit as the dollar/peso rate at the parallel market was already higher by a relatively wide margin of eight centavos, indicating huge corporate demand for the greenback.

    Central bank Governor Rafael Buenaventura has consistently denied intervening at the spot market but he said that the monetary authority has been providing dollar liquidity from time to time to prevent a sharp peso fall.

    Dealers said political uncertainties and low domestic interest rates continued to weigh on the local unit, impeding its recovery along with the rest of the region after their sharp declines Wednesday.

    The Indonesian rupiah was bid at 9,298 against the dollar from 9,270 late Thursday after touching 9,450 Wednesday while the Thai baht was quoted at 39.58, hardly moving from 39.59 in late Asian trade Thursday.

    Dealers said the dollar/peso will test the next resistance of PHP44.100 before moving on to try to pierce the major PHP44.200 barrier if negative market sentiment prevails. The pair is seen supported at PHP43.800.

    "But we might see some profit-taking (on dollars) at the PHP44.150-PHP44.200 levels and allow some consolidation at these levels," a third dealer said. -- Bridge News


  • US DOLLAR RATES

    Ph Peso 44.025

    Yen 107.91

    HK Dollar 7.7958

    Indonesia Rupiah 9,288

    Thailand Baht 39.685

    SG Dollar 1.7363

    1 TW Dollar 30.836

    Korea Won 1,117.5

    1 Malaysian Ringgit 3.7998

    Euro 1.0547

    UK Pound 0.661

    As of 20:51 PM GMT

  • DAILO's DEBT CAPITAL BULLET POINTS

    Japan Highway follows the dollar trail

    Japan Highway Public borrowed $500 million on July 5 through a five-year fixed rate bond. The deal carries a 7.25 percent coupon and is managed by ABN AMRO. The bonds were priced at 103 basis points over the five-year Treasury note.


    Shinhan Bank to issue in yen?

    Shinhan Bank of Korea is reportedly looking to raise up to Y12 billion in the very near future.


    Goldman Sachs to issue samurai bonds

    Goldman Sachs intends to issue samurai bonds in the yen market in mid-July. The Y65 billion structure is slated to be a two-tranche deal of Y50 billion five-year and Y15 billion 10-year bonds.


    Kinki yen borrower

    Kinki Nippon Railway issued Y30 billion of 1.1 percent four-year yen bonds on July 6. The bonds were issued at par through Nomura Securities and are due July 23 2004.


    Toyoda looms large

    Toyoda Automatic Loom sold a total of Y40 billion in a split tranche transaction on July 5. The deal comprised 20 billion five-year notes at 1.25 percent coupon priced at 99.95 and Y20 billion 10-year notes at 1.91 percent coupon priced at 99.94.


    Sumitomo Bank borrows five-years in yen

    Sumitomo Bank turned to Daiwa Securities SB Capital Markets to raise Y100 billion in a five-year deal carrying a 1.31 percent coupon. The bonds were issued at a price of 99.98.


    Cecile borrows Y10 billion

    Cecile borrowed via Daiwa Securities SB Capital Markets for a Y10 billion five-year deal priced at par.


    JFC borrows 50 billion yen

    Japan Finance for Small Business issued Y50 billion of six-year notes through Nikko Salomon Smith Barney and Sanwa Securities on July 6. The notes carry a 1.2 percent coupon and were priced at 99.72.
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