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Stock impact report

Peso Rally to Fade on Philippine Balance of Payments Deficit [Yahoo! Finance Canada]

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Most Read from Bloomberg The currency may fall toward a record low of 59 per dollar next quarter from around 57.4 now, according to forecasters at Australia & New Zealand Banking Group Ltd. and Malayan Banking Bhd. Meanwhile, analysts at Wells Fargo & Co. and Standard Chartered Plc predict the peso will depreciate to just below 59 by June after gaining this month. Bangko Sentral ng Pilipinas revised its balance of payments forecast for 2025 last week and predicted a bigger current-account shortfall, citing worries over international trade policy. The gap will mean that there's less demand for the peso at a time when US tariffs are already weighing on global markets. “The negative sentiment from tariff threats is likely to still guide the pair higher throughout the rest of first half. This would not dissipate in the second half,” said Saktiandi Supaat, FX research head at Maybank. “The country's persistent twin deficit condition would also add to the currency's weakness.” The Show less Read more
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