February 23, 2018, 8:45 am
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1 Philippine Peso = 0.07045 UAE Dirham
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1 Philippine Peso = 0.03415 Neth Antilles Guilder
1 Philippine Peso = 0.38059 Argentine Peso
1 Philippine Peso = 0.02443 Australian Dollar
1 Philippine Peso = 0.03415 Aruba Florin
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1 Philippine Peso = 33.58872 Burundi Franc
1 Philippine Peso = 0.01918 Bermuda Dollar
1 Philippine Peso = 0.02533 Brunei Dollar
1 Philippine Peso = 0.13159 Bolivian Boliviano
1 Philippine Peso = 0.06235 Brazilian Real
1 Philippine Peso = 0.01918 Bahamian Dollar
1 Philippine Peso = 1.2325 Bhutan Ngultrum
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1 Philippine Peso = 0.94226 Dominican Peso
1 Philippine Peso = 2.17652 Algerian Dinar
1 Philippine Peso = 0.24369 Estonian Kroon
1 Philippine Peso = 0.33858 Egyptian Pound
1 Philippine Peso = 0.52177 Ethiopian Birr
1 Philippine Peso = 0.01557 Euro
1 Philippine Peso = 0.03825 Fiji Dollar
1 Philippine Peso = 0.01371 Falkland Islands Pound
1 Philippine Peso = 0.01377 British Pound
1 Philippine Peso = 0.08533 Ghanaian Cedi
1 Philippine Peso = 0.89967 Gambian Dalasi
1 Philippine Peso = 172.74122 Guinea Franc
1 Philippine Peso = 0.14073 Guatemala Quetzal
1 Philippine Peso = 3.9296 Guyana Dollar
1 Philippine Peso = 0.15011 Hong Kong Dollar
1 Philippine Peso = 0.45024 Honduras Lempira
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1 Philippine Peso = 1.24329 Indian Rupee
1 Philippine Peso = 22.71245 Iraqi Dinar
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1 Philippine Peso = 2.40936 Jamaican Dollar
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1 Philippine Peso = 20.55496 Korean Won
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1 Philippine Peso = 0.22463 Lesotho Loti
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1 Philippine Peso = 0.0119 Latvian Lat
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1 Philippine Peso = 0.31853 Moldovan Leu
1 Philippine Peso = 0.95396 Macedonian Denar
1 Philippine Peso = 25.47477 Myanmar Kyat
1 Philippine Peso = 45.90946 Mongolian Tugrik
1 Philippine Peso = 0.15451 Macau Pataca
1 Philippine Peso = 6.71398 Mauritania Ougulya
1 Philippine Peso = 0.62536 Mauritius Rupee
1 Philippine Peso = 0.29868 Maldives Rufiyaa
1 Philippine Peso = 13.76098 Malawi Kwacha
1 Philippine Peso = 0.35911 Mexican Peso
1 Philippine Peso = 0.07494 Malaysian Ringgit
1 Philippine Peso = 0.22327 Namibian Dollar
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1 Philippine Peso = 0.59477 Nicaragua Cordoba
1 Philippine Peso = 0.15035 Norwegian Krone
1 Philippine Peso = 1.98703 Nepalese Rupee
1 Philippine Peso = 0.02611 New Zealand Dollar
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1 Philippine Peso = 0.06229 Peruvian Nuevo Sol
1 Philippine Peso = 0.0629 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.11989 Pakistani Rupee
1 Philippine Peso = 0.06472 Polish Zloty
1 Philippine Peso = 106.82716 Paraguayan Guarani
1 Philippine Peso = 0.06982 Qatar Rial
1 Philippine Peso = 0.07256 Romanian New Leu
1 Philippine Peso = 1.0862 Russian Rouble
1 Philippine Peso = 16.12737 Rwanda Franc
1 Philippine Peso = 0.07193 Saudi Arabian Riyal
1 Philippine Peso = 0.14866 Solomon Islands Dollar
1 Philippine Peso = 0.2582 Seychelles Rupee
1 Philippine Peso = 0.34501 Sudanese Pound
1 Philippine Peso = 0.15536 Swedish Krona
1 Philippine Peso = 0.02534 Singapore Dollar
1 Philippine Peso = 0.01372 St Helena Pound
1 Philippine Peso = 0.42597 Slovak Koruna
1 Philippine Peso = 146.36485 Sierra Leone Leone
1 Philippine Peso = 10.78074 Somali Shilling
1 Philippine Peso = 381.75523 Sao Tome Dobra
1 Philippine Peso = 0.16785 El Salvador Colon
1 Philippine Peso = 9.87876 Syrian Pound
1 Philippine Peso = 0.22325 Swaziland Lilageni
1 Philippine Peso = 0.60368 Thai Baht
1 Philippine Peso = 0.04586 Tunisian Dinar
1 Philippine Peso = 0.0428 Tongan paʻanga
1 Philippine Peso = 0.07262 Turkish Lira
1 Philippine Peso = 0.12717 Trinidad Tobago Dollar
1 Philippine Peso = 0.55966 Taiwan Dollar
1 Philippine Peso = 43.06541 Tanzanian Shilling
1 Philippine Peso = 0.51746 Ukraine Hryvnia
1 Philippine Peso = 69.67197 Ugandan Shilling
1 Philippine Peso = 0.01918 United States Dollar
1 Philippine Peso = 0.54556 Uruguayan New Peso
1 Philippine Peso = 156.62766 Uzbekistan Sum
1 Philippine Peso = 478.3426 Venezuelan Bolivar
1 Philippine Peso = 435.71839 Vietnam Dong
1 Philippine Peso = 1.98465 Vanuatu Vatu
1 Philippine Peso = 0.04817 Samoa Tala
1 Philippine Peso = 10.20986 CFA Franc (BEAC)
1 Philippine Peso = 0.05179 East Caribbean Dollar
1 Philippine Peso = 10.20986 CFA Franc (BCEAO)
1 Philippine Peso = 1.85248 Pacific Franc
1 Philippine Peso = 4.79474 Yemen Riyal
1 Philippine Peso = 0.22325 South African Rand
1 Philippine Peso = 99.5492 Zambian Kwacha
1 Philippine Peso = 6.94226 Zimbabwe dollar

AFTER DEMOCRATS GAIN IN ELECTIONS: Investors size up US tax reform

By Rodrigo Campos

NEW YORK- If the election of Donald Trump as US president was a big catalyst behind a 23 percent rally in the S&P 500 over the past year, Tuesday’s first wide-scale retesting of his agenda with voters could signal the clock is ticking for Republicans to deliver on a range of so-far unkept promises before a much larger ballot showdown next year.

Markets are growing increasingly skeptical Republicans can pull it off.

On Tuesday, Democrats handily won governors’ races in New Jersey and Virginia, picked up more than a dozen seats in the Virginia House of Delegates and nabbed full control of the Washington state Senate.

Omer Esiner, chief market analyst at Commonwealth FX in Washington, called the election results “a resounding victory for Democrats.”

“It can be viewed as the latest signal of the president’s waning popularity,” Esiner said. “An increasingly unpopular president could give some Republicans the cover they need to vote against the tax plan.”

Trump’s election one year ago which gave Republicans controlof the White House in addition to control of Congress - unleashed what many analysts described as the market’s “animal spirits.” In the following days and weeks investors gobbled up a wide range of stocks, betting that Trump’s promises of tax cuts, deregulation and an overhaul of the healthcare system would untether an economy growing at anemic rates.

On the day after last year’s election, for example, investors dove headlong into bank stocks, positing they would soon profit from healthier demand for credit and from financial deregulation. They gave a cold shoulder to shares of consumer staples companies, which often do better in a lowgrowth environment.

The S&P bank index shot up nearly 5 percent. The consumer staples index dropped 1.3 percent. Fast forward a year and the inverse occurred following Tuesday’s results. Staples gained 1.1 percent on Wednesday; banks slid 1.1 percent.

Still, some analysts read Tuesday’s results as lighting a fire under congressional Republicans to get their legislative act together before Election Day 2018, when all 435 seats in the House of Representatives and 34 Senate seats are up for grabs.

“Some are saying this is a shift in support and it may accelerate some kind of tax bill,” said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.

“If it looks like the Republicans are in trouble, they could get a wakeup call that they really need to move on the tax cuts, which would be bullish for the (stock) market.”

After repeated failures by Republicans in both the House and the Senate to deliver on their promise to repeal and replace Obamacare, Republicans have promised to pass a tax plan by year end.

Achieving tax reform remains a tall order, however, and signs of investor skepticism over Republicans’ ability to deliver were already evident heading into Tuesday’s elections.

Shares of smaller companies seen as the biggest beneficiaries of a corporate tax cut, have underperformed their larger peers by nearly 4 percentage points over the last month alone.

The Treasury yield curve, which provides a snapshot comparing the rates of shorter- and longer-duration government bonds, steepened dramatically after Election Day 2016 as markets bet on accelerating growth.

It has flattened substantially since Trump took office in January, typically a harbinger of a tepid economy. The gap between the yields of benchmark 2- and 10-year Treasury notes is the narrowest in a decade. - Reuters
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