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BusinessWorld
April 28, 2021 | 9:00 pm
THE PESO weakened against the dollar on Wednesday as oil prices went up. BW FILE PHOTO
THE PESO retreated against the greenback on Wednesday as oil prices edged higher and as the market was waiting for the US Federal Reserve’s policy decision.
The local unit closed at P48.477 per dollar, depreciating by 9.6 centavos from its P48.381 finish on Tuesday, based on data from the Bankers Association of the Philippines.
The peso opened Wednesday’s session at P48.44 against the dollar. Its weakest showing was at P48.485, while its intraday best was at P48.40 versus the greenback.
By TED CORDERO, GMA News
Published April 27, 2021 4:07pm The national government’s fiscal balance saw a wider deficit in the first quarter of 2021 on the back of higher state expenditures against a drop in revenue collections as the country grapples with the COVID-19 pandemic. Data released by the Bureau of the Treasury (BTr) showed that the national government incurred a budget deficit of P321.5 billion in January to March, 273.11% wider than the P86.2-billion shortfall in the same period in 2020. For March alone, the fiscal gap stood at P191.4 billion, up 167.34% from P71.6 billion in the same month last year.
Peso inches up vs dollar ahead of Fed meeting bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Peso inches down ahead of US data - BusinessWorld bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.