Peso may weaken further vs dollar

THE PESO may continue to weaken versus the greenback this week on safe-haven demand due to fears of a global economic slowdown and expectations of further aggressive action from the US central bank. The local unit finished at P55.92 per dollar on Friday, rebounding by 14 centavos from its P56.06 close on Thursday, data from […]

PH shares soar as peso further weakens

PHILIPPINE shares climbed on Friday but the peso continued to weaken against the US dollar.Philippine shares rose to 6,217.56 after gaining 152.33 points or 2.51 percent.Meanwhile, the peso weakened further, closing at P54.839 against the US dollar on Friday from its previous close of P54.49, data from the Bankers Association of the Philippines showed.Shares were […]