The local unit ended at P52.335 per dollar on Friday, weaker by 19.5 centavos from its P52.14 close on Thursday, based on Bankers Association of the Philippines data. READ:
The local unit ended at P52.335 per dollar on Friday, weaker by 19.5 centavos from its P52.14 close on Thursday, based on Bankers Association of the Philippines data.The peso opened Friday’s session at P52.20 versus the dollar. Its weakest showing was at P52.43, while its intraday best was at P52.20 against the greenback.The peso depreciated as the country posted a wider balance of payments deficit last month, Rizal Commercial Banking Corp. Chief Economist Michael L.
The benchmark Brent crude futures rose by $8.62 or 8.79% to close at $106.64 a barrel on Thursday, while the US West Texas Intermediate crude increased by $7.94 or 8.35% to $102.98 per barrel.