MY NEW BLOG: The Ciudadista: Life in the City

Saturday, November 20, 2004

except the Philippine peso

Chile's Peso Jumps to 8-Month High on Improved Growth Outlook
Colombian Peso Rises to 28-Month High on Higher Bond Demand
N.Z. Dollar Heads for Winning Week; Investors Abroad Buy Bonds

I have just browsed some business news at Bloomberg I am surprised to know that the currencies of Chile and Columbia are rising against the United States dollar. For New Zealand, the local currency has been climbing high against the U.S. currency since late 2002, so it is not new to me.

The Philippine currency has always been down against the dollar. This has a psychological effect on consumer economic sentiments. Unless the peso does not improve consumer confidence may still remain low.