The currency gained 15 centavos to close at P56.79 versus the dollar, while the benchmark Philippine Stock Exchange index (PSEi) shed 58.62 points, or 0.94 percent, and settled at 6,183.07.
THE peso fell for a third straight day against the dollar on Thursday, but the stock market snapped a four-day decline with investor sentiment said to have lifted somewhat.
THE peso fell further into P55:$1 territory but the stock market rebounded back to the 6,500 level in the wake of Tuesday s United States credit rating downgrade.
THE peso gained versus the dollar, but the stock market inched down in the wake of the US Federal Reserve s (Fed) move to resume hiking interest rates.