BusinessWorld
June 1, 2021 | 9:00 pm
BW FILE PHOTO
THE PESO weakened against the dollar on Tuesday as the government kept Metro Manila and nearby provinces under lockdown and due to data showing that manufacturing activity improved in May, which may mean higher imports.
The local unit closed at P47.76 versus the dollar on Tuesday, weakening by 6.5 centavos from Monday’s finish of P47.695, data from the Bankers Association of the Philippines’ website showed.
The peso opened Tuesday’s session stronger at P47.65 against the dollar. It climbed to as high as P47.61, but succumbed to the greenback’s strength as it closed nearer to its intraday low of P47.77.
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