February 19, 2018, 11:33 am
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1 Philippine Peso = 0.07035 UAE Dirham
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1 Philippine Peso = 0.0341 Neth Antilles Guilder
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1 Philippine Peso = 0.02417 Australian Dollar
1 Philippine Peso = 0.0341 Aruba Florin
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1 Philippine Peso = 33.54368 Burundi Franc
1 Philippine Peso = 0.01916 Bermuda Dollar
1 Philippine Peso = 0.02532 Brunei Dollar
1 Philippine Peso = 0.13142 Bolivian Boliviano
1 Philippine Peso = 0.06189 Brazilian Real
1 Philippine Peso = 0.01916 Bahamian Dollar
1 Philippine Peso = 1.22893 Bhutan Ngultrum
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1 Philippine Peso = 0.93544 Dominican Peso
1 Philippine Peso = 2.16856 Algerian Dinar
1 Philippine Peso = 0.24138 Estonian Kroon
1 Philippine Peso = 0.33716 Egyptian Pound
1 Philippine Peso = 0.52165 Ethiopian Birr
1 Philippine Peso = 0.01543 Euro
1 Philippine Peso = 0.03813 Fiji Dollar
1 Philippine Peso = 0.01366 Falkland Islands Pound
1 Philippine Peso = 0.01366 British Pound
1 Philippine Peso = 0.08656 Ghanaian Cedi
1 Philippine Peso = 0.89866 Gambian Dalasi
1 Philippine Peso = 172.37548 Guinea Franc
1 Philippine Peso = 0.14054 Guatemala Quetzal
1 Philippine Peso = 3.9364 Guyana Dollar
1 Philippine Peso = 0.14982 Hong Kong Dollar
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1 Philippine Peso = 22.68199 Iraqi Dinar
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1 Philippine Peso = 158.62069 Lao Kip
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1 Philippine Peso = 0.01189 Latvian Lat
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1 Philippine Peso = 0.31734 Moldovan Leu
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1 Philippine Peso = 25.42146 Myanmar Kyat
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1 Philippine Peso = 6.68582 Mauritania Ougulya
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1 Philippine Peso = 0.29828 Maldives Rufiyaa
1 Philippine Peso = 13.66743 Malawi Kwacha
1 Philippine Peso = 0.35467 Mexican Peso
1 Philippine Peso = 0.07454 Malaysian Ringgit
1 Philippine Peso = 0.22274 Namibian Dollar
1 Philippine Peso = 6.87739 Nigerian Naira
1 Philippine Peso = 0.59195 Nicaragua Cordoba
1 Philippine Peso = 0.14901 Norwegian Krone
1 Philippine Peso = 1.96697 Nepalese Rupee
1 Philippine Peso = 0.02593 New Zealand Dollar
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1 Philippine Peso = 0.01916 Panama Balboa
1 Philippine Peso = 0.06225 Peruvian Nuevo Sol
1 Philippine Peso = 0.06025 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
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1 Philippine Peso = 0.0642 Polish Zloty
1 Philippine Peso = 106.68774 Paraguayan Guarani
1 Philippine Peso = 0.06973 Qatar Rial
1 Philippine Peso = 0.07198 Romanian New Leu
1 Philippine Peso = 1.08044 Russian Rouble
1 Philippine Peso = 16.10153 Rwanda Franc
1 Philippine Peso = 0.07184 Saudi Arabian Riyal
1 Philippine Peso = 0.14875 Solomon Islands Dollar
1 Philippine Peso = 0.25546 Seychelles Rupee
1 Philippine Peso = 0.34393 Sudanese Pound
1 Philippine Peso = 0.15255 Swedish Krona
1 Philippine Peso = 0.02511 Singapore Dollar
1 Philippine Peso = 0.01367 St Helena Pound
1 Philippine Peso = 0.4254 Slovak Koruna
1 Philippine Peso = 146.16858 Sierra Leone Leone
1 Philippine Peso = 10.76628 Somali Shilling
1 Philippine Peso = 378.35439 Sao Tome Dobra
1 Philippine Peso = 0.16762 El Salvador Colon
1 Philippine Peso = 9.86552 Syrian Pound
1 Philippine Peso = 0.22276 Swaziland Lilageni
1 Philippine Peso = 0.59923 Thai Baht
1 Philippine Peso = 0.04546 Tunisian Dinar
1 Philippine Peso = 0.04238 Tongan paʻanga
1 Philippine Peso = 0.07167 Turkish Lira
1 Philippine Peso = 0.12904 Trinidad Tobago Dollar
1 Philippine Peso = 0.55669 Taiwan Dollar
1 Philippine Peso = 43.02682 Tanzanian Shilling
1 Philippine Peso = 0.51715 Ukraine Hryvnia
1 Philippine Peso = 69.38697 Ugandan Shilling
1 Philippine Peso = 0.01916 United States Dollar
1 Philippine Peso = 0.54521 Uruguayan New Peso
1 Philippine Peso = 156.47509 Uzbekistan Sum
1 Philippine Peso = 477.73945 Venezuelan Bolivar
1 Philippine Peso = 434.75095 Vietnam Dong
1 Philippine Peso = 2.01916 Vanuatu Vatu
1 Philippine Peso = 0.04802 Samoa Tala
1 Philippine Peso = 10.11303 CFA Franc (BEAC)
1 Philippine Peso = 0.05172 East Caribbean Dollar
1 Philippine Peso = 10.11303 CFA Franc (BCEAO)
1 Philippine Peso = 1.81628 Pacific Franc
1 Philippine Peso = 4.78831 Yemen Riyal
1 Philippine Peso = 0.22279 South African Rand
1 Philippine Peso = 99.41571 Zambian Kwacha
1 Philippine Peso = 6.93295 Zimbabwe dollar

AFTER DEMOCRATS GAIN IN ELECTIONS: Investors size up US tax reform

By Rodrigo Campos

NEW YORK- If the election of Donald Trump as US president was a big catalyst behind a 23 percent rally in the S&P 500 over the past year, Tuesday’s first wide-scale retesting of his agenda with voters could signal the clock is ticking for Republicans to deliver on a range of so-far unkept promises before a much larger ballot showdown next year.

Markets are growing increasingly skeptical Republicans can pull it off.

On Tuesday, Democrats handily won governors’ races in New Jersey and Virginia, picked up more than a dozen seats in the Virginia House of Delegates and nabbed full control of the Washington state Senate.

Omer Esiner, chief market analyst at Commonwealth FX in Washington, called the election results “a resounding victory for Democrats.”

“It can be viewed as the latest signal of the president’s waning popularity,” Esiner said. “An increasingly unpopular president could give some Republicans the cover they need to vote against the tax plan.”

Trump’s election one year ago which gave Republicans controlof the White House in addition to control of Congress - unleashed what many analysts described as the market’s “animal spirits.” In the following days and weeks investors gobbled up a wide range of stocks, betting that Trump’s promises of tax cuts, deregulation and an overhaul of the healthcare system would untether an economy growing at anemic rates.

On the day after last year’s election, for example, investors dove headlong into bank stocks, positing they would soon profit from healthier demand for credit and from financial deregulation. They gave a cold shoulder to shares of consumer staples companies, which often do better in a lowgrowth environment.

The S&P bank index shot up nearly 5 percent. The consumer staples index dropped 1.3 percent. Fast forward a year and the inverse occurred following Tuesday’s results. Staples gained 1.1 percent on Wednesday; banks slid 1.1 percent.

Still, some analysts read Tuesday’s results as lighting a fire under congressional Republicans to get their legislative act together before Election Day 2018, when all 435 seats in the House of Representatives and 34 Senate seats are up for grabs.

“Some are saying this is a shift in support and it may accelerate some kind of tax bill,” said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama.

“If it looks like the Republicans are in trouble, they could get a wakeup call that they really need to move on the tax cuts, which would be bullish for the (stock) market.”

After repeated failures by Republicans in both the House and the Senate to deliver on their promise to repeal and replace Obamacare, Republicans have promised to pass a tax plan by year end.

Achieving tax reform remains a tall order, however, and signs of investor skepticism over Republicans’ ability to deliver were already evident heading into Tuesday’s elections.

Shares of smaller companies seen as the biggest beneficiaries of a corporate tax cut, have underperformed their larger peers by nearly 4 percentage points over the last month alone.

The Treasury yield curve, which provides a snapshot comparing the rates of shorter- and longer-duration government bonds, steepened dramatically after Election Day 2016 as markets bet on accelerating growth.

It has flattened substantially since Trump took office in January, typically a harbinger of a tepid economy. The gap between the yields of benchmark 2- and 10-year Treasury notes is the narrowest in a decade. - Reuters
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