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Creato da historicans il 27/11/2009
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Npazgi
Reuters
SINGAPORE - The Philippine central bank sold dollars on Thursday to try to prevent the peso from falling below the key 44-per-dollar level, traders said.
"They were in the market this morning. I guess they sold the dollar at 43.85 and then at 43.90," said a trader in Manila.
"I think the market is trying to target the 44 level, but the central bank does not want the peso to depreciate that fast and was trying to slow it down," he said.
Some traders estimated the size of the intervention at $150 million.
The peso steadied near 43.85 per dollar after hitting a seven-month low at 43.92 as investors bought dollars after solid US durable goods data on Wednesday eased concerns over the US economy.
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Inviato da: hengel0
il 01/12/2009 alle 20:16