Peso strengthens vs dollar as US Congress passes bill hiking debt ceiling

THE PESO appreciated versus the greenback on Wednesday after US legislators approved a measure that will temporarily increase the government’s borrowing limit. The local unit ended trading at P50.655 per dollar on Wednesday, appreciating by 19.5 centavos from its close of P50.85 on Tuesday, data from the Bankers Association of the Philippines showed. The peso […]

Peso climbs on PMI data

THE PESO appreciated against the greenback on Monday after data showed factory activity deteriorated in April because of the renewed lockdown. The local unit closed at P48.05 per dollar on Monday, up by five centavos from its P48.10-a-dollar finish on Friday, based on the data from the Bankers Association of the Philippines. The peso opened […]