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Forex pbea edu

Forex pbea eduDailyFX Free Online Forex Trading University. Trading is a journey that can last a lifetime . While the idea of ‘buying low, and selling high,’ might sound simple enough; in actuality, profitable trading is considerably more difficult than just buying when price moves down, or selling when price moves higher. A trader’s Forex education can traverse a variety of market conditions and trading styles. This is the time to get the basics set for the foundation of your forex trading education. In this section, you will learn the following: Introduction to the Foreign Exchange Market The most popular currency pairs and asset classes Importance concepts in the Forex market such as leverage and margin, order types and more. This is the time to get the foundation set for the rest of your forex education, and it's absolutely critical that new traders are familiar and comfortable with the concepts learned during this stage. This is the stage in which traders will begin to learn how to navigate around constantly changing markets as an endless amount of information is flowing at them from multiple directions. During this section, you will learn the following: The role of economics and supplydemand relationships The importance of economic data announcements and how prices can drive off of new data Introduction of indicators and sentiment analysis to assist with buysell decisions. Learn More. This is the stage when we'll begin to look at how the concepts introduced in the Beginner and Intermediate stages are utilized in 'real world' scenarios. This is when we'll begin to move from the theoretical to the practical. During this stage, you will learn: Price action analysis to assist a trader's technical approach. How to mesh technical and fundamental analysis while keeping an eye on risk management.

An Introduction to Trading Psychology. Learn More. This is the capstone, as we'll begin to integrate the concepts learned in the earlier three stages in order for traders to be able to implement their own buysell decisions while taking a risk-efficient approach towards managing exposure. During this stage, you will learn: How to compose, follow, and modify a trading plan. How to adapt an approach to varying market conditions. How to integrate advanced forms of analysis such as Elliot Wave, or Ichimoku. During this stage, special importance is placed on the topic of risk management, as this is often considered to be one of the most critical determinants of a trader's success or failure. Latest Educational Articles for Beginners: As an investortrader, we always want to trade in the direction of the ‘trend,’ and the Guppy Multiple Moving Average indicator may help you see how. Continue Reading. Identifying opportunities and how to use leverage effectively - a review of our technical approach and examples that illustrate our trading methodology in practice. Continue Reading. In this extension of the prior two discussions on trading breakouts and pullbacks we talked about how to combine the two strategies during a trade sequence for maximum robustness. Continue Reading. How to execute once you’ve defined a given trade setup – a review of our technical approach and examples that illustrate our trading methodology in practice. Continue Reading.

In this second webinar of a two-part series, we discussed the various facets of trading pullbacks from entry to exits to risk management. Continue Reading. NEW: PBA, YMCA leader fired from previous job for 'moral' indiscretions, report says. , the board president for the YMCA of the Palm Beaches and a trustee for Palm Beach Atlantic University , was fired from his previous job for allegedly soliciting prostitutes and downloading pornography on computers belonging to his employer, according to a published report. Federal court records obtained by The Detroit News revealed that Leuliette received a $16.7 million severance package from Visteon Corporation , an automotive electronics supplier based in Michigan , after he was fired as the company's CEO on June 2015 . An arbitrator, the report said, found that Leuliette's firing was justified "based on his downloading pornography on to company computers, posting obscene messages and pictures on social media, storing obscene photographs on company devices, viewing websites concerning prostitution and soliciting prostitutes." PBA spokeswoman Becky Peeling said the West Palm Beach - based university learned Tuesday of the newspaper article detailing the allegations against Leuliette but would have no further comment. YMCA Executive Director. said the organization's board of directors "just became aware" of the allegations and has taken the situation "under advisement." She declined further comment. Leuliette, 68, could not be reached for comment. Leuliette, who lives in West Palm Beach with his wife, was named to PBA's Board of Trustees in April, according to the university's website.

In May, Leuliette was named board chairman and chief volunteer officer for the YMCA of the Palm Beaches after serving as the organization's vice chairman in 2016. During an arbitration hearing in 2016, Leuliette stated the "obscene" material found on his work computer appeared after "syncing" his home's electronic devices with those he used on the job. The arbitrator said that Leuliette's response was "not credible," according to the newspaper. Visteon Corporation's board members cited five reasons in October 2015 for Leuliette's dismissal, including obtaining reimbursement for a family trip to Israel and spending significant time away from company headquarters, the report said. In May 2016 , Visteon told Leuliette they uncovered two more reasons for dismissal, referring to the allegations involving downloading pornography and soliciting prostitutes. The arbitrator ruled that the board's initial five reasons were insufficient cause for dismissal, but found there was legitimate reason for the firing because of the pornography and prostitution claims. "A CEO of a major stock exchange company has a high moral standard to uphold and this conduct was inconsistent with that standard as well as the written policies of Visteon," the arbitrator wrote, according to the report. "The threat of exposure of this conduct for such a CEO is damage enough." Leuliette sought a severance payout of $61 million , about four times the amount he eventually received. The arbitrator ruled that Visteon did not have to satisfy the payout requested by Leuliette because of the allegations against him. Before his firing, Leuliette had served as Visteon's CEO since 2010. (c)2018 The Palm Beach Post (West Palm Beach, Fla.) Visit The Palm Beach Post (West Palm Beach, Fla.) at palmbeachpost. com. Distributed by Tribune Content Agency, LLC. © Tribune Content Agency, source Regional News. 10 modules of PBEA e-curriculum. Quantitative Methods. 16 e-modules of PBEA curriculum. Molecular Plant Breeding.

14 modules of PBEA e-curriculum. Quantitative Genetics. 14 modules of PBEA e-curriculum. 16 modules of PBEA e-curriculum. Cultivar Development. 7 modules of PBEA e-curriculum. Building on Iowa State University’s expertise with online plant breeding education, PBEA e-modules can be used in curricula to train African students in management of crop breeding programs for public, local, and international organizations. Collaborating with faculty at Makerere University in Uganda, University of KwaZulu-Natal in South Africa, and Kwame Nkrumah University of Science and Technology in Ghana, our team creates e-modules that hone essential capabilities with real-world challenges of cultivar development in Africa using Applied Learning Activities. Our collaboration embraces shared goals, sharing knowledge and building consensus. The pedagogical emphasis on application produces a coursework-intensive MSc program for Africa. DailyFX Free Online Forex Trading University. Trading is a journey that can last a lifetime .

While the idea of ‘buying low, and selling high,’ might sound simple enough; in actuality, profitable trading is considerably more difficult than just buying when price moves down, or selling when price moves higher. A trader’s Forex education can traverse a variety of market conditions and trading styles. This is the time to get the basics set for the foundation of your forex trading education. In this section, you will learn the following: Introduction to the Foreign Exchange Market The most popular currency pairs and asset classes Importance concepts in the Forex market such as leverage and margin, order types and more. This is the time to get the foundation set for the rest of your forex education, and it's absolutely critical that new traders are familiar and comfortable with the concepts learned during this stage. This is the stage in which traders will begin to learn how to navigate around constantly changing markets as an endless amount of information is flowing at them from multiple directions. During this section, you will learn the following: The role of economics and supplydemand relationships The importance of economic data announcements and how prices can drive off of new data Introduction of indicators and sentiment analysis to assist with buysell decisions. Learn More. This is the stage when we'll begin to look at how the concepts introduced in the Beginner and Intermediate stages are utilized in 'real world' scenarios.

This is when we'll begin to move from the theoretical to the practical. During this stage, you will learn: Price action analysis to assist a trader's technical approach. How to mesh technical and fundamental analysis while keeping an eye on risk management. An Introduction to Trading Psychology. Learn More. This is the capstone, as we'll begin to integrate the concepts learned in the earlier three stages in order for traders to be able to implement their own buysell decisions while taking a risk-efficient approach towards managing exposure. During this stage, you will learn: How to compose, follow, and modify a trading plan. How to adapt an approach to varying market conditions. How to integrate advanced forms of analysis such as Elliot Wave, or Ichimoku. During this stage, special importance is placed on the topic of risk management, as this is often considered to be one of the most critical determinants of a trader's success or failure. Latest Educational Articles for Beginners: As an investortrader, we always want to trade in the direction of the ‘trend,’ and the Guppy Multiple Moving Average indicator may help you see how. Continue Reading. Identifying opportunities and how to use leverage effectively - a review of our technical approach and examples that illustrate our trading methodology in practice. Continue Reading.

In this extension of the prior two discussions on trading breakouts and pullbacks we talked about how to combine the two strategies during a trade sequence for maximum robustness. Continue Reading. How to execute once you’ve defined a given trade setup – a review of our technical approach and examples that illustrate our trading methodology in practice. Continue Reading. In this second webinar of a two-part series, we discussed the various facets of trading pullbacks from entry to exits to risk management. Continue Reading. Mentorship Education Learn Scalping Swing Trading. The Forex Scalper Mentorship. The Online Course is designed by me, i have 10 years of experience in the forex market, to teach you how to learn to trade the forex markets consistently. Suitable for all trading styles based on price action. The Mentorship Package includes; - A direct line of contact to me for one-to-one mentoring. - Unlimited Zoom Group Sessions (recorded). etc. Forex educational content.

The Forex Scalper Mentorship have been designed to guide either beginner as well as more advanced traders. Our material and strategy can be applied on any financial instrument. You will find the highest accuracy on Forex Pairs. I currently offer the most detailed Forex bootcamp around. And you’ll get access to our online drive with educational video’s , analysis, multiply books and weekly updates. I strive to turn any individual into a profitable Forex scalper. This is how we trade. The Forex Scalpers. Education live group to become a profitable forex trader. About The Forex Scalper. The Forex Scalper is a professional day trader with more than 10 years of experience in trading forex. Forex is my work but also my passion.. I provide the forex bootcamp and Mentorship. Daily I analyse the market to look for good oppertunities & setups to share with my group on whatsapp.

I also provide a live help desk on whatsapp, you can ask me and the group everything about trading and we give you advice about trading trades, brokers, positions, risk management etc. I'm there for my clients. Every trade have to be a winning trade. Forex Tutorial: What is Forex Trading? What Is Forex? The foreign exchange market is the "place" where currencies are traded. Currencies are important to most people around the world, whether they realize it or not, because currencies need to be exchanged in order to conduct foreign trade and business. If you are living in the U. S. and want to buy cheese from France, either you or the company that you buy the cheese from has to pay the French for the cheese in euros (EUR). This means that the U. S. importer would have to exchange the equivalent value of U. S. dollars (USD) into euros. The same goes for traveling. A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate. The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world. It dwarfs other markets in size, even the stock market, with an average traded value of around U. S. $2,000 billion per day. (The total volume changes all the time, but as of August 2012, the Bank for International Settlements (BIS) reported that the forex market traded in excess of U. S. $4.9 trillion per day.) One unique aspect of this international market is that there is no central marketplace for foreign exchange. Rather, currency trading is conducted electronically over-the-counter (OTC), which means that all transactions occur via computer networks between traders around the world, rather than on one centralized exchange. The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney - across almost every time zone.

This means that when the trading day in the U. S. ends, the forex market begins anew in Tokyo and Hong Kong. As such, the forex market can be extremely active any time of the day, with price quotes changing constantly. Spot Market and the Forwards and Futures Markets There are actually three ways that institutions, corporations and individuals trade forex: the spot market, the forwards market and the futures market. The forex trading in the spot market always has been the largest market because it is the "underlying" real asset that the forwards and futures markets are based on. In the past, the futures market was the most popular venue for traders because it was available to individual investors for a longer period of time. However, with the advent of electronic trading and numerous forex brokers, the spot market has witnessed a huge surge in activity and now surpasses the futures market as the preferred trading market for individual investors and speculators. When people refer to the forex market, they usually are referring to the spot market. The forwards and futures markets tend to be more popular with companies that need to hedge their foreign exchange risks out to a specific date in the future. What is the spot market? More specifically, the spot market is where currencies are bought and sold according to the current price. That price, determined by supply and demand, is a reflection of many things, including current interest rates, economic performance, sentiment towards ongoing political situations (both locally and internationally), as well as the perception of the future performance of one currency against another.

When a deal is finalized, this is known as a "spot deal". It is a bilateral transaction by which one party delivers an agreed-upon currency amount to the counter party and receives a specified amount of another currency at the agreed-upon exchange rate value. After a position is closed, the settlement is in cash. Although the spot market is commonly known as one that deals with transactions in the present (rather than the future), these trades actually take two days for settlement. What are the forwards and futures markets? Unlike the spot market, the forwards and futures markets do not trade actual currencies. Instead they deal in contracts that represent claims to a certain currency type, a specific price per unit and a future date for settlement. In the forwards market, contracts are bought and sold OTC between two parties, who determine the terms of the agreement between themselves. In the futures market, futures contracts are bought and sold based upon a standard size and settlement date on public commodities markets, such as the Chicago Mercantile Exchange. In the U. S., the National Futures Association regulates the futures market. Futures contracts have specific details, including the number of units being traded, delivery and settlement dates, and minimum price increments that cannot be customized. The exchange acts as a counterpart to the trader, providing clearance and settlement. Both types of contracts are binding and are typically settled for cash for the exchange in question upon expiry, although contracts can also be bought and sold before they expire. The forwards and futures markets can offer protection against risk when trading currencies. Usually, big international corporations use these markets in order to hedge against future exchange rate fluctuations, but speculators take part in these markets as well.

Note that you'll see the terms: FX, forex, foreign-exchange market and currency market. These terms are synonymous and all refer to the forex market. View our range of education packages suitable for all levels of trading experience and learning styles to support your trading journey. Benefit from a wide range of forex advisory services, customized to suit your trading needs. When you learn trading the global markets with BFX you can take full advantage of our international expertise. We serve our global clients from offices in Tunisia. Whatever your trading style, BFX MP’s range of tools enables you to support your research and trading decisions with a userfriendly trading opportunities in real-time. PBA submits its recommendations for federal budget 2017-2018. The Pakistan Banks’ Association (PBA) has submitted has also submitted its recommendations to the FBR for the federal budget for 2017-2018 for the banking sector. Pakistan’s banking sector is one of the largest contributors to the exchequer. In the year ended Dec 31, 2016, it paid total taxes of over Rs 140 billion and collected and paid to the FBR over Rs 134 billion as withholding tax. Therefore, the total contribution to the exchequer from the members of the PBA was over Rs 274 billion. This has enabled the banking industry to continue playing an integral role in the economic development of the country and supporting major initiatives of the government, the FBR and the SBP. Some of the PBA’s key recommendations for federal budget 2017-18 are: Deletion of Section III (4) of ITO 2001 and amendment of Pakistan Economic Reform Act (PERA 1992) by excluding all persons resident in Pakistan, as this section presently provides immunity to a taxpayer on the source of an amount which has been remitted from outside Pakistan in foreign exchange through the banking channels.

In PBA’s view, the provisions are often misused as some businessmen may remit undeclared income through unofficial channels, which is then brought into Pakistan as the foreign exchange through banking channels. While no taxes are paid on such (undeclared) income, it can be laundered into white money at a small cost of 3 to 4pc. This recommendation of the PBA will help curb the practice of whitening black money under the umbrella of PERA. While the government took a very positive step by progressively reducing income tax rates for the business income of corporate sector from 35pc to 34oc for the tax year 2014, which is now down to 30pc for the tax year 2018, no such reduction has been provided to banks. In fact, the lower tax rate on capital gains and dividend income of banks has been raised to a uniform rate of 35pc from the tax year 2015. PBA has recommended that the tax rates for banks should also be reduced to 30pc for the tax year 2018, in line with the corporate sector and the tax rate be made uniform and equitable. As for the advance tax on banking transactions other than cash, under Section 236P, vulnerable groups such as widows, pensioners, retirees, students, etc., receive very low compensationincome that falls below the taxable threshold and they are not liable to pay tax. But withholding tax is deducted on their savings whenever they make withdrawals, which is unfair as they cannot claim credit for the deducted amount. Such tax is also likely to adversely affect the National Financial Inclusion Strategy and lead to financial exclusion. PBA suggests that Section 236P should be removed or exemption should be provided to the vulnerable groups and the threshold of transfer transactions increased to Rs 100,000. In line with its earlier discussions with FBR, PBA has been consistently suggesting that Sections 165 and 165A of Income Tax Ordinance, 2001, which is a part of the general law, cannot override special laws including Protection of Economic Reform Act (PERA), SBP Act, Banking Companies Ordinance and SBP’s regulations. It should, therefore, be dispensed with and the law amended. PBA is of the view that the purpose of the provisions in banking and other laws is to maintain confidence in the banking system and unnecessary submissiondisclosures of customer information should be avoided.

PBA has also recommended that to enable banks to comply with Section 165B, introduced via Finance Bill 2016 – 2017, the special laws dealing with banking secrecy matters i. e. section 3 read with section 9 PERA, 1992, Section 33A of BCO may be suitably amended. For Islamic Banks, PBA has proposed to add a new subrule to Rule (3) of the seventh schedule, specifically mentioning Musharakah, Modaraba, Murabaha (including Commodity Murabaha), Musawama, Ijarah, Istisna and Salam and any other sharia compliant transaction as a financing transaction and not as trading activity i. e. salepurchase transaction. A similar amendment is also required in Sales Tax Act 1990. To encourage mobilisation of deposits for the Mirco Finance Banks (MFBs), tax exemption for “Not for Profit” organisations on profit on debt from scheduled banks should also be applicable on profit on debt from MFBs. Similarly, all Provident FundsGratuity may also be allowed to deposit funds with MFBs, as scheduled banks and MFBs are both regulated by SBP. As per PBA, as always in the past, the banking sector is ready to support the FBR in its efforts to grow the taxation and revenue base in a fair and equitable manner. PBA’s recommendations, if incorporated in the forthcoming federal budget, would help in achieving this objective. FREE ‘Beginners’ Forex Trading Introduction Course. Welcome To Nial Fullers Free ‘Beginners’ Forex Trading University. Forex Trading 101 – ‘Beginners Forex Trading Introduction Course’ This Free Beginners Forex Trading Introduction Course was created to help novice traders understand all the basics of the Forex market and Forex trading in a non-boring format. This beginners course will also cover the basics of price action trading, forex charting, technical analysis, traders psychology and many other important subjects. Upon completion of this beginners forex course you will be ready to start studying my Professional Forex Trading Course. INTRODUCTION TO FOREX TRADING – CHAPTERS & SYLLABUS. Other Tutorials & Guides: Please Share This With Other Traders, Click The Like & Share Buttons Below. 41 Comments Leave a Comment.

I am much interested , but how do i start. Want a lot of understanding. Very much interested in trading where should I go for more information. How can I start forex business and in what step will I take from here. To make it more practical to be expose to the market trade. I want to start trading. Hello, I am excited to join you on this adventure because I keep watching this business idea on tv. wondering what it is all about. I can’t wait for this course. Thanks. Where can I attend a training for Forex trading in Pretoria. Hi sir. I am imel I want to start trading how can I go about it. This info is very valueable. I need to study trade where can I study and what are the requirement? I need you to learn for trading. So, I am preparing on your webside for payment.

But now I am studying on this webside for free lesson….Thak you so much Nial Fuller, I every day learning your course on this webside. What Is A Forex Trading Strategy? Plz inform me very thanks. With your guidance am now able to make $3000 weekly for now, i learnt how to trade price action and now my charts are clear and clean of any indicators. THANK YOU! Hi Nikk, can you help me who taught you forex because i want to learn about it. Hi Nikk…am really eager to learn forex techniques and terminologies on how to conduct trading…Needs your help please if you won’t mind ….thanks in Advance. hello Nikk, I would like you to tell me ways you took towards that success, I would be much pleased to get reply from you, am also interested. where can we learn how to trade ? how much is the training? I would like to Learn on how to trade. Hi Nial Thank you for this valuable resource.

I wish to learn about trading where should I go in Pretoria. Unemployed I think forex is the answer. I would lyk to invest and get started to trade too. im also love trading. how to begin? hi want to start learning please i want to enroll in your teaching sessions. I am a Forex beginner, please i need tutorship and guide on how to trade Forex. just asking the shifting of the chart up and down on any paired currency does it act as an indication as to if it will go up or down. Hi am also interested in trading can you please provide more info. Hello. Sir I’m looking forward to learn everything about trading market is my wish to learn everything about forex I’m new. need to trade don’t have enough inf. i would like to learn how to trade.

please help me. And from how much do you invest?? hi sir .. we’re proudly of u cause u making easy for us to understand forex very well. . hopefully soon I’ll be okay. Thank You Nail! for graciously providing this information for free. I look forward to your professional trading course! This is the best training ever!!?? What’s the best broker to trade with. ?? Dear Sir, Nial Fuller. Very valuable beginners tutorials you provided to us. Excellent and we can understand easily the way you writing. Thank you very much. Best Regards Kapila Hemantha. Hi, i am trading since last 5 years.

and attached with Nial Fuller’s Website from last 3 years and i have now 80% grip on Price Action Trading Strategy. Its a gift which is very expenses and we get it free of cost from Nial. Thanks Nial Sir. You are doing a Brilliant Job. Hey there! Iam also a newbie. Iam trying to learn as much as I can about the forex market and start trading hopefully very soon!! I am a newbie to trading and Nial’s philosophy and training are the best so far. All newbies; take heart, this will work for you if you utilize Nial’s teachings. Have a prosperous New Year. i am just begining and i hope to understand as we move on. right from the comfort of my bedroom. tumbs up boss.

Hi Nial……. I love to visit your site everyday. these are awesome informations you provide us here. I keep study the price action chart and getting best results. Thanks. Umar Farooq (Lahore, Pakistan) Thank you for writing such an informative, clear article. We are learning to trade binary options and your approach is, by far, the best I have come across to date. Leave a Comment Cancel reply. Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, it's employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to BuySell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website.

The past performance of any trading system or methodology is not necessarily indicative of future results. High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results. Philippine peso weakest in over 11 years. (UPDATED) Pressured by a record trade deficit, the local currency closes at P52.12 against the US dollar on Wednesday, February 14, its weakest since July 2006. MANILA, Philippines (UPDATED) – The Philippine peso depreciated to P52.12 against the United States dollar on Wednesday, February 14, its weakest performance in over 11 years, as a surge in imports led to record trade deficit. The local currency shed 14 centavos on Wednesday, closing at P52.12 to $1. This was from the previous day's P51.980 to $1. The Philippine peso had opened at P52.03 against the greenback on Wednesday, and hit an intraday high of P52.12. It was on July 21, 2006 when the local currency hit the P52.16 to $1 territory. (READ: Peso depreciation: Should we be worried?) "Strong economic growth in the Philippines is fueling a surge in imports, resulting in record trade deficits," Khoon Goh, head of Asia research at ANZ Banking Group (Singapore), said on his Twitter account.

" Further peso weakness is likely, as the current account balance, which was 4% of GDP (gross domestic product) in surplus a couple of years back, slips further into deficit," he added. 'Not a weak economy' The Philippines posted its largest trade deficit on record for a single month in December 2017 when it reached $4.017 billion. This brought the gap to another record high of $29.8 billion in full-year 2017, from the $26.7 billion recorded in 2016. The balance of trade impacts the currency exchange rates through supply and demand. For instance, if the Philippines exports more than it imports, there is a high demand for its goods and for its currency. But when it imports more than it exports, there is a relatively lower demand for its goods and hence for its local unit. For Budget Secretary Benjamin Diokno, the Philippine peso's further depreciation does not indicate a weak economy. "Every currency is weakening vis-a-vis the dollar. In fact, relative to other countries, we are okay. It is wrong to say that a strong peso means a strong economy.

That's false," Diokno said in a press conference.



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