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 weakens as gov’t defers lockdown easing

TERM DEPOSIT yields inched up due to faster-than-expected August inflation. — PHILIPPINE STAR/ KRIZ JOHN ROSALES[/caption] THE PESO weakened further against the dollar on Wednesday after the government deferred its plan to ease quarantine measures in Metro Manila and implement granular lockdowns instead. The local currency closed at P50.11 per dollar on Wednesday, shedding 8.5 […]