Peso strengthens vs greenback on robust manufacturing knowledge, remittances
THE PESO strengthened versus the buck on Wednesday amid seasonal remittance flows and robust manufacturing knowledge.
The native unit ended buying and selling at P50.34 per greenback on Wednesday, appreciating by five centavos from its P50.39 shut on Monday, primarily based on knowledge from the Bankers Affiliation of the Philippines.
The market was closed on Tuesday in observance of Bonifacio Day.
The peso opened Wednesday’s session stronger at P50.36 per greenback. Its weakest exhibiting was at P50.46, whereas its intraday finest was at P50.32 towards the buck.
{Dollars} exchanged elevated to $1.032 billion on Wednesday