1. Another problem is that volume on the peso market has been extremely low, with relatively few buyers seeking dollars, but virtually no one buying pesos. 2. As the peso appreciates, the dollars, yen, riyals and lira they send home buy fewer pesos, cutting incomes of their families. 3. Bangko Sentral ng Pilipinas Governor Gabriel Singson said Friday that the central bank would buy pesos at a certain, unspecified, level. 4. Bangko Sentral ng Pilipinas Governor Gabriel Singson said Friday that the central bank would buy pesos at a certain, unspecified level. 5. Investors also bought pesos in anticipation of an industrial production report tomorrow, which is expected to show strong industrial output in August. 6. Institutions also started to sell dollars and buy pesos in anticipation of the peso becoming more expensive next week. 7. It would go into the market and buy pesos at this price if no one else chose to. 8. The bank asked the United States and Canada to buy pesos in an effort to strengthen the currency. 9. The currency was trading at its lowest level in three-and-a-half weeks when the central bank decided to buy pesos. 10. The government pledged to buy pesos if the peso slipped outside that range. |