Article from the BusinessWorld - April 17, 2007.
Quote from an interview regarding the performance of the Philippine stock market on April 16 (monday).
NEW NEWS
Peso hits fresh 6-year high vs dollar
The peso yesterday hit a fresh six-year high against the dollar, following the results of a Group of Seven (G-7) meeting that pointed to a steady monetary policy for most asian currencies. The peso closed at PhP 47.80 to $1. It was higher by PhP 0.105 than last friday's close.
OFWs remittances top $1 bn for 10th straight month.
Annual inflows sent through banks surged 23% to $2.2 bn in the first two months of the year.
T-bill returns inch up...
The interest rate of the 91-day Treasury bill, rose by 9.2 basis points to 2.952%, off its historic low of 2.86%. The six-month bill was up by 5.1 basis points from the 3.509% it fetched during the April 2 auction.
source / reference: BusinessWorld - April 17, 2007 (tuesday)
The Dow Jones Industrial Average is almost at its 7- year high levels as the US equity market surged and advanced by 108.33 (+0.86%) points to close at 12720.46
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