Peso sinks ahead of BSP decision

THE PESO retreated further versus the greenback on Wednesday due to foreign selling at the stock market and cautiousness ahead of the central bank’s policy review. The local unit closed at P48.805 a dollar on Wednesday, shedding 10.5 centavos from its P48.70 finish on Tuesday, data from the Bankers Association of the Philippines showed. The […]

Peso drops further on foreign outflows

THE PESO dropped further against the greenback on Wednesday as foreigners exited the local stock market and on expectations of improved US data, which could hasten the US Federal Reserve’s policy tightening. The local unit closed at P48.15 versus the dollar on Wednesday, weakening by 1.5 centavos from Tuesday’s finish of P48.135, data from the […]