Peso inches up vs dollar ahead of Fed meeting
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Peso inches down ahead of US data - BusinessWorld
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P/$ rate closes at P48 39/$1 – Manila Bulletin
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BusinessWorld
April 25, 2021 | 10:05 pm
THE PESO could weaken versus the dollar this week as the market awaits the release of the government’s latest budget balance data and the US central bank’s rate decision.
The local unit closed at P48.381 per dollar on Friday, appreciating by 2.9 centavos from its P48.41 finish on Thursday, based on data from the Bankers Association of the Philippines.
Meanwhile, it barely moved from its P48.38 finish a week earlier.
The peso strengthened against the greenback last week after the government closed its offering of euro-denominated bonds, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said.