BusinessWorld
March 5, 2021 | 6:57 pm
THE PESO climbed against the greenback on Friday following the end of the government’s retail Treasury bond (RTB) offering the day prior.
The local unit closed at P48.56 per dollar on Friday, gaining six centavos from its Thursday finish of P48.62. It also appreciated by three centavos from its P48.59-per-dollar close on Feb. 26.
The peso opened Friday’s session at P48.66 a dollar. Its weakest showing was at P48.67 while its intraday best was at P48.525 against the greenback.
Dollars traded increased to $933.45 million on Friday from $817.23 million on Thursday.
The peso strengthened after the closure of the RTB offering, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a text message.
Central bank sells P80 billion in short-term bills
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Peso weakens on expectations of faster inflation
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