Peso ends flat vs dollar
The Philippine peso was flat versus the dollar as the growth of domestic liquidity and bank lending eased in September. The Bankers Association of the Philippines reported that the peso closed at P48.27 versus the dollar on Wednesday, unchanged from its Tuesday finish.
The peso showed its weakest showing at P48.35 versus the dollar on Wednesday. Its intraday best was logged at P48.25 per dollar. Dollars traded declined to $507.9 million on Wednesday from $710.6 million the previous day.
Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said the peso closed flat versus the dollar after the release of central bank data showing slower growth in domestic liquidity and bank lending in September.
Related news
- BPO firm shuts down office as two employees test positive for COVID-19 · 25 Aug
- Thirteen government agencies and organizations now PEZA’s investment partner · 25 Aug
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
