May 30, 2017, 8:57 pm
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1 Philippine Peso = 0.07364 UAE Dirham
1 Philippine Peso = 2.41007 Albanian Lek
1 Philippine Peso = 0.03564 Neth Antilles Guilder
1 Philippine Peso = 0.31981 Argentine Peso
1 Philippine Peso = 0.027 Australian Dollar
1 Philippine Peso = 0.03589 Aruba Florin
1 Philippine Peso = 0.0401 Barbados Dollar
1 Philippine Peso = 1.6166 Bangladesh Taka
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1 Philippine Peso = 0.00754 Bahraini Dinar
1 Philippine Peso = 34.21095 Burundi Franc
1 Philippine Peso = 0.02005 Bermuda Dollar
1 Philippine Peso = 0.02781 Brunei Dollar
1 Philippine Peso = 0.13836 Bolivian Boliviano
1 Philippine Peso = 0.06529 Brazilian Real
1 Philippine Peso = 0.02005 Bahamian Dollar
1 Philippine Peso = 1.29236 Bhutan Ngultrum
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1 Philippine Peso = 401.44376 Belarus Ruble
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1 Philippine Peso = 0.02702 Canadian Dollar
1 Philippine Peso = 0.01963 Swiss Franc
1 Philippine Peso = 13.52517 Chilean Peso
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1 Philippine Peso = 0.02005 Cuban Peso
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1 Philippine Peso = 2.17475 Algerian Dinar
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1 Philippine Peso = 0.01801 Euro
1 Philippine Peso = 0.04182 Fiji Dollar
1 Philippine Peso = 0.01561 Falkland Islands Pound
1 Philippine Peso = 0.01565 British Pound
1 Philippine Peso = 0.0872 Ghanaian Cedi
1 Philippine Peso = 0.90034 Gambian Dalasi
1 Philippine Peso = 181.17105 Guinea Franc
1 Philippine Peso = 0.14734 Guatemala Quetzal
1 Philippine Peso = 4.06477 Guyana Dollar
1 Philippine Peso = 0.15626 Hong Kong Dollar
1 Philippine Peso = 0.47034 Honduras Lempira
1 Philippine Peso = 0.13286 Croatian Kuna
1 Philippine Peso = 1.33467 Haiti Gourde
1 Philippine Peso = 5.54381 Hungarian Forint
1 Philippine Peso = 267.31502 Indonesian Rupiah
1 Philippine Peso = 0.07139 Israeli Shekel
1 Philippine Peso = 1.29406 Indian Rupee
1 Philippine Peso = 23.68157 Iraqi Dinar
1 Philippine Peso = 650.67176 Iran Rial
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1 Philippine Peso = 2.59535 Jamaican Dollar
1 Philippine Peso = 0.01422 Jordanian Dinar
1 Philippine Peso = 2.22292 Japanese Yen
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1 Philippine Peso = 1.36342 Kyrgyzstan Som
1 Philippine Peso = 81.33948 Cambodia Riel
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1 Philippine Peso = 18.04692 North Korean Won
1 Philippine Peso = 22.52055 Korean Won
1 Philippine Peso = 0.00608 Kuwaiti Dinar
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1 Philippine Peso = 6.22579 Kazakhstan Tenge
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1 Philippine Peso = 3.06196 Sri Lanka Rupee
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1 Philippine Peso = 0.01244 Latvian Lat
1 Philippine Peso = 0.02794 Libyan Dinar
1 Philippine Peso = 0.19633 Moroccan Dirham
1 Philippine Peso = 0.36344 Moldovan Leu
1 Philippine Peso = 1.10347 Macedonian Denar
1 Philippine Peso = 27.33106 Myanmar Kyat
1 Philippine Peso = 48.04492 Mongolian Tugrik
1 Philippine Peso = 0.16094 Macau Pataca
1 Philippine Peso = 7.17866 Mauritania Ougulya
1 Philippine Peso = 0.6938 Mauritius Rupee
1 Philippine Peso = 0.308 Maldives Rufiyaa
1 Philippine Peso = 14.38981 Malawi Kwacha
1 Philippine Peso = 0.37146 Mexican Peso
1 Philippine Peso = 0.08585 Malaysian Ringgit
1 Philippine Peso = 0.26102 Namibian Dollar
1 Philippine Peso = 6.43674 Nigerian Naira
1 Philippine Peso = 0.59984 Nicaragua Cordoba
1 Philippine Peso = 0.16929 Norwegian Krone
1 Philippine Peso = 2.06136 Nepalese Rupee
1 Philippine Peso = 0.02844 New Zealand Dollar
1 Philippine Peso = 0.00772 Omani Rial
1 Philippine Peso = 0.02005 Panama Balboa
1 Philippine Peso = 0.06582 Peruvian Nuevo Sol
1 Philippine Peso = 0.06346 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.09846 Pakistani Rupee
1 Philippine Peso = 0.07534 Polish Zloty
1 Philippine Peso = 112.05735 Paraguayan Guarani
1 Philippine Peso = 0.07301 Qatar Rial
1 Philippine Peso = 0.08223 Romanian New Leu
1 Philippine Peso = 1.13242 Russian Rouble
1 Philippine Peso = 16.43433 Rwanda Franc
1 Philippine Peso = 0.07519 Saudi Arabian Riyal
1 Philippine Peso = 0.15815 Solomon Islands Dollar
1 Philippine Peso = 0.2679 Seychelles Rupee
1 Philippine Peso = 0.13354 Sudanese Pound
1 Philippine Peso = 0.17503 Swedish Krona
1 Philippine Peso = 0.02781 Singapore Dollar
1 Philippine Peso = 0.01561 St Helena Pound
1 Philippine Peso = 0.44528 Slovak Koruna
1 Philippine Peso = 150.39102 Sierra Leone Leone
1 Philippine Peso = 10.96852 Somali Shilling
1 Philippine Peso = 441.47785 Sao Tome Dobra
1 Philippine Peso = 0.1749 El Salvador Colon
1 Philippine Peso = 10.32645 Syrian Pound
1 Philippine Peso = 0.26048 Swaziland Lilageni
1 Philippine Peso = 0.68398 Thai Baht
1 Philippine Peso = 0.04812 Tunisian Dinar
1 Philippine Peso = 0.04614 Tongan paʻanga
1 Philippine Peso = 0.07172 Turkish Lira
1 Philippine Peso = 0.13474 Trinidad Tobago Dollar
1 Philippine Peso = 0.60567 Taiwan Dollar
1 Philippine Peso = 44.71626 Tanzanian Shilling
1 Philippine Peso = 0.52777 Ukraine Hryvnia
1 Philippine Peso = 72.08743 Ugandan Shilling
1 Philippine Peso = 0.02005 United States Dollar
1 Philippine Peso = 0.56748 Uruguayan New Peso
1 Philippine Peso = 76.19812 Uzbekistan Sum
1 Philippine Peso = 0.20001 Venezuelan Bolivar
1 Philippine Peso = 455.96552 Vietnam Dong
1 Philippine Peso = 2.1526 Vanuatu Vatu
1 Philippine Peso = 0.05162 Samoa Tala
1 Philippine Peso = 11.80971 CFA Franc (BEAC)
1 Philippine Peso = 0.05414 East Caribbean Dollar
1 Philippine Peso = 11.85342 CFA Franc (BCEAO)
1 Philippine Peso = 2.13836 Pacific Franc
1 Philippine Peso = 5.01103 Yemen Riyal
1 Philippine Peso = 0.26116 South African Rand
1 Philippine Peso = 104.06056 Zambian Kwacha
1 Philippine Peso = 7.25687 Zimbabwe dollar

US economy shows only modest signs of inflation pressures

WASHINGTON - The US economy expanded at a modest-to-moderate pace between mid-February and the end of March, but inflation pressures remained in check despite more difficulties in attracting and retaining workers, the Federal Reserve said on Wednesday.

“On balance, prices rose modestly,” the US central bank said in its periodic gauge of the health of the economy derived from surveying business contacts nationwide.

Firms mostly expected price growth to be mild to moderate over the coming months, the Fed added.

It raised its benchmark interest rate in March for the second time in three months and many policymakers appear bullish on the prospects of more tightening this year with the nation near full employment and inflation slowly rising.

That said, there is still debate within the Fed about just how rapid and sustained the pickup in inflation will be given that it has struggled to reach the central bank’s 2 percent target over several years.

Elsewhere in the report, most Fed districts said businesses had experienced more difficulty filling low-skilled positions and a larger number of firms said they faced more problems retaining workers.

Employers surveyed by the Fed in recent months have often reported rising wage pressures for specific sectors such as construction and highly-skilled jobs.

Modest wage pressures broadened during the most recent survey period, the Fed said, and a larger number of firms mentioned higher turnover rates.

Firms in the Fed’s Atlanta district said they continued to “struggle to find, hire and hold onto quality workers, particularly in skilled technical jobs, but also in sales, finance, information technology, and compliance positions,” according to the report.

Despite a slowdown in jobs growth last month, the US unemployment rate fell to near a 10-year low of 4.5 percent and the number of jobs created continued to outstrip growth in the working-age population.

The Beige Book was compiled by the Richmond Fed with information collected on or before April 10. 

Meanwhile, traders have scaled back bets the Fed would increase rates twice more by the end of 2017, interest rates futures showed on Wednesday.

A spate of weaker-than-forecast data on jobs, consumer spending and inflation, together with investors’ nervousness about US tension with Syria and North Korea, have reduced expectations the US central bank would increase its policy rates two more times by year-end.

“I don’t know whether the Fed could raise rates twice more, let alone three,” said Gemma Wright-Casparius, senior portfolio manager at Vanguard in Malvern, Pennsylvania.

Federal funds futures FFZ7 implied traders expected a bit over a 36 percent chance the Fed would increase rates twice by year-end on Wednesday. This compared with 57 percent one and a half weeks ago prior to a mildly disappointing March jobs report, according to CME Group’s FedWatch program. 

At the Fed’s policy meeting in March, policy-makers raised rates by a quarter point to 0.75-1.00 percent and signaled their median view for two more rate increases in 2017.

Boston Fed President Eric Rosengren on Wednesday followed a number of other Fed officials in recent days, calling for the central bank to begin shrinking its $4.5 trillion balance sheet later this year. 

But their intention to raise rates and reduce the Fed’s bond holdings may be hampered by soft readings on payrolls and consumer spending and a surprise drop in the Consumer Price Index last month, analysts and investors said.

Doubts whether US President Donald Trump and a Republican-controlled Congress would deliver fiscal stimulus in 2017 may also reduce Fed’s ability to hike rates further, analysts said.

Fed funds futures suggested traders saw only a 4 percent chance Fed policy-makers would raise rates at their next meeting on May 2-3 FFK7, according to CME’s FedWatch.

They implied traders saw a 66 percent probability the Fed would hike rates at its Sept. 19-20 meeting FFU7. – Reuters
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