Peso rises on expected Fed easing, trade deal prospects

THE peso strengthened Friday ahead of an expected cut in Fed policy rates and amid positive sentiment generated by the G20 meeting.

The peso closed at P52.24 against the dollar, against the P52.27 finish on Thursday. This was the peso’s highest level in more than a year or since it closed at P51.12 on Feb. 7, 2018. The peso opened at P51.2, rising as high as P51.17, while the low was P51.27. Volume thinned to $726.79 million from $876.87 million in the previous session. Read More @




Bitcoin price analysis: BTC/USD bulls make their way above $11,000

  • BTC/USD tries to settle above the critical $11,000 handle.
  • A strong resistance is created on approach to $11,650.

Bitcoin, the world’s most popular digital currency, made its way above $11,000 handle amid the broad-based recovery on the global cryptocurrency market. BTC/USD hit the intraday low at $10.610, where new buyers popped in and helped to stop the sell-off.  Despite the upside momentum, the coin witnessed over 8% losses over the last 24 hours, while the total capitalization dropped below $200 billion. The Bitcoin’s market share has also reduced to 61.3% from over 63% at the end of the last week. Read More @



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