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                    [Title] => HSBC sees peso rising to 47.50 to $1 by Q4
                    [Summary] => Banking giant HSBC expects the peso to rise to 47.50 against the dollar by the last quarter  of 2006, based on the assumption that the country’s fiscal position will continue to improve and that a sovereign credit rating upgrade would be declared in the third quater of the year.    


Jose Arnulfo Veloso, HSBC treasurer and head of global markets in the Philippines, added that interest rates for  five-year and 10-year notes would likely stay at their current levels of 8.25 percent and nine percent, respectively.     


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                    [ColumnID] => 133272
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                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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SHAHAB JALINOOS

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                    [Title] => HSBC sees peso rising to 47.50 to $1 by Q4
                    [Summary] => Banking giant HSBC expects the peso to rise to 47.50 against the dollar by the last quarter  of 2006, based on the assumption that the country’s fiscal position will continue to improve and that a sovereign credit rating upgrade would be declared in the third quater of the year.    


Jose Arnulfo Veloso, HSBC treasurer and head of global markets in the Philippines, added that interest rates for  five-year and 10-year notes would likely stay at their current levels of 8.25 percent and nine percent, respectively.     


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abtest

HSBC sees peso rising to 47.50 to $1 by Q4

By Ted P. Torres | March 17, 2006 - 12:00am

Banking giant HSBC expects the peso to rise to 47.50 against the dollar by the last quarter of 2006, based on the assumption that the country’s fiscal position will continue to improve and that a sovereign...

Business