The Philippine peso traded on a weak note for the third straight session on Wednesday as investors took to safe-haven assets amid geopolitical tensions overseas.
The company will close CME Europe, a derivatives exchange, and CME Clearing Europe, a clearing house, by the end of the year, William Knottenbelt, the senior managing director for CME International, said in a statement.
CLS, which settles the majority of trades in the foreign exchange market, said the average daily input volume of instructions submitted rose 6.7 percent to $1.6 trillion in March, from $1.5 trillion in February.
The country’s Kospi index was the biggest decliner in Asia Monday, falling the most in more than five weeks as the won led losses among major and emerging-market currencies.
The dollar held gains in Asia on Friday as a dramatic inter-party showdown loomed in the U.S. as the votes needed to replace the Obama-era healthcare law fell short on Thursday and President Donald Trump's office said he was "done negotiating" and wanted an up-or-down decision on Friday.
This was posted on the CBN website last Monday, by its spokesman, Mr. Isaac Okorafor, who said that the nation’s currency will continue to gain traction following the effective implementation of the bank’s foreign exchange policy