THE PESO edged up against the dollar on Monday but stayed at the P59 level as markets turned cautious before the release of US data that could give clues on theTHE PESO edged up against the dollar on Monday but stayed at the P59 level as markets turned cautious before the release of US data that could give clues on the

Peso inches up as markets await US jobs data

THE PESO edged up against the dollar on Monday but stayed at the P59 level as markets turned cautious before the release of US data that could give clues on the state of the world’s largest economy and affect the US Federal Reserve’s policy path.

The local unit gained 2.5 centavos to close at P59.04 versus the greenback from its P59.065 finish on Friday, data from the Bankers Association of the Philippines data showed.

The peso opened Monday’s trading session sharply weaker at P59.15 versus the dollar. Its weakest showing was at P59.18, while its intraday best was its closing level of P59.04 against the greenback.

Dollars traded fell to $911.5 million from $1.65 billion on Friday.

The peso inched up due to cautious trading leading up to the release of the latest US nonfarm payrolls data, a trader said in a phone interview.

The peso was also supported by a generally weaker greenback following the US Federal Reserve’s rate cut last week and amid lower global crude oil prices, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.

For Tuesday, the trader said the peso could move between P58.90 and P59.20 per dollar, while Mr. Ricafort sees it ranging from P58.95 to P59.15.

A host of US data delayed by the government shutdown is set to be released, giving investors a long-awaited view of the world’s largest economy, with the November jobs report due on Tuesday and inflation figures on Thursday, Reuters reported.

A divided Fed cut rates last week, but Chair Jerome H. Powell signaled borrowing costs were unlikely to drop further in the near term as policymakers await more economic clarity.

US President Donald J. Trump said on Friday he was leaning towards either former Fed Governor Kevin Warsh or National Economic Council Director Kevin Hassett to lead the central bank next year. — A.M.C. Sy with Reuters

Market Opportunity
Talus Logo
Talus Price(US)
$0,00685
$0,00685$0,00685
-1,15%
USD
Talus (US) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Microsoft Corp. $MSFT blue box area offers a buying opportunity

Microsoft Corp. $MSFT blue box area offers a buying opportunity

The post Microsoft Corp. $MSFT blue box area offers a buying opportunity appeared on BitcoinEthereumNews.com. In today’s article, we’ll examine the recent performance of Microsoft Corp. ($MSFT) through the lens of Elliott Wave Theory. We’ll review how the rally from the April 07, 2025 low unfolded as a 5-wave impulse followed by a 3-swing correction (ABC) and discuss our forecast for the next move. Let’s dive into the structure and expectations for this stock. Five wave impulse structure + ABC + WXY correction $MSFT 8H Elliott Wave chart 9.04.2025 In the 8-hour Elliott Wave count from Sep 04, 2025, we saw that $MSFT completed a 5-wave impulsive cycle at red III. As expected, this initial wave prompted a pullback. We anticipated this pullback to unfold in 3 swings and find buyers in the equal legs area between $497.02 and $471.06 This setup aligns with a typical Elliott Wave correction pattern (ABC), in which the market pauses briefly before resuming its primary trend. $MSFT 8H Elliott Wave chart 7.14.2025 The update, 10 days later, shows the stock finding support from the equal legs area as predicted allowing traders to get risk free. The stock is expected to bounce towards 525 – 532 before deciding if the bounce is a connector or the next leg higher. A break into new ATHs will confirm the latter and can see it trade higher towards 570 – 593 area. Until then, traders should get risk free and protect their capital in case of a WXY double correction. Conclusion In conclusion, our Elliott Wave analysis of Microsoft Corp. ($MSFT) suggested that it remains supported against April 07, 2025 lows and bounce from the blue box area. In the meantime, keep an eye out for any corrective pullbacks that may offer entry opportunities. By applying Elliott Wave Theory, traders can better anticipate the structure of upcoming moves and enhance risk management in volatile markets. Source: https://www.fxstreet.com/news/microsoft-corp-msft-blue-box-area-offers-a-buying-opportunity-202509171323
Share
BitcoinEthereumNews2025/09/18 03:50
Uniswap Gains Momentum While Pi Network Waits: Is BlockDAG At $0.001 The Best Crypto To Buy Now?

Uniswap Gains Momentum While Pi Network Waits: Is BlockDAG At $0.001 The Best Crypto To Buy Now?

The pi network price is seeking proof. A payments toolkit sounds meaningful, but markets reward usage over updates, and Pi […] The post Uniswap Gains Momentum While
Share
Coindoo2026/01/18 08:02
Academic Publishing and Fairness: A Game-Theoretic Model of Peer-Review Bias

Academic Publishing and Fairness: A Game-Theoretic Model of Peer-Review Bias

Exploring how biases in the peer-review system impact researchers' choices, showing how principles of fairness relate to the production of scientific knowledge based on topic importance and hardness.
Share
Hackernoon2025/09/17 23:15