BusinessWorld
May 25, 2021 | 9:00 pm
BW FILE PHOTO
THE PESO continued to weaken for a fifth straight trading day against the greenback on Tuesday amid rising global crude oil prices.
The local unit closed at P48.135 versus the dollar on Tuesday, dropping by 7 centavos from Monday’s finish of P48.065, data from the Bankers Association of the Philippines’ website showed.
This was the peso’s worst close in three weeks, or since the April 29 finish of P48.315 per dollar.
The peso opened Tuesday’s session at P48.05 against the dollar, while its intraday best was at 48. It dropped to as low as P48.16 versus the greenback.
BusinessWorld
May 24, 2021 | 9:00 pm
BW FILE PHOTO
THE PESO dropped to a three-week low against the greenback on Monday as US Federal Reserve officials said the central bank should discuss tapering its bond purchase program soon.
The local unit closed at P48.065 versus the dollar on Monday, dropping by 12 centavos from Friday’s finish of P47.945, data from the Bankers Association of the Philippines’ website showed.
This was the peso’s worst close since April 30’s finish of P48.10 per dollar.
The peso opened Monday’s session flat at P47.94 against the dollar, which was its intraday high. It dropped to as low as P48.085 versus the greenback.
Peso strengthens against the dollar as gov t anticipates arrival of more vaccines 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.