1. By doing so, it has also sought to prevent the peso from strengthening as it absorbs part of the capital inflows that could boost the currency. 2. In fact, the economy is so strong the central bank has placed restrictions on foreign portfolio investment to prevent the peso from appreciating. 3. The central bank has taken other action to prevent the peso from weakening further against the U.S. currency. 4. The central bank imposed the restriction to prevent the peso appreciating against the dollar and harming export industries. 5. The Bangko Sentral ng Pilipinas boosted a closely watched interest rate for the third time in two weeks in a bid to prevent the peso from weakening further. 6. Mild demand for dollars, coupled with sufficient supply of the U.S. currency, prevented the peso from depreciating further, however, traders said. 7. The dollar inflows prevented the peso from taking its cue from other Southeast Asian currencies that declined against the dollar in early trading, the traders said. 8. Traders said the dollar inflows prevented the peso from taking its cue from other Southeast Asian currencies that declined against the dollar in early trading. 9. Traders said the weaker yen in early Tokyo trading exerted some pressure on the peso, but that slack demand for dollars prevented the peso from losing ground. 10. Traders said weak commercial demand for dollars prevented the peso from falling further. |