BusinessWorld
June 1, 2021 | 9:00 pm
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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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BusinessWorld
May 27, 2021 | 9:00 pm
BW FILE PHOTO
THE PESO strengthened against the greenback on Thursday after the House of Representatives approved on second reading a third economic stimulus package as the country continues to grapple with the impact of the coronavirus pandemic.
The local unit closed at P47.985 versus the dollar on Thursday, rising by 16.5 centavos from Wednesday’s finish of P48.15, data from the Bankers Association of the Philippines’ website showed.
The peso opened Thursday’s session weaker at P48.18 against the dollar. It dropped to as low as P48.19 during the day but recouped losses to close nearer to its intraday high of P47.977 versus the greenback.
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