• Peso closes stronger at P46.41


    The peso advanced against the greenback on Friday after the United States Federal Reserve decided to keep its policy interest rates near zero.

    The Philippine currency gained 3 centavos to finish at P46.41 to $1 from P46.44 on Thursday.

    At the conclusion of the two-day meeting of the Federal Open Market Committee (FOMC), the Fed decided to keep the funds rate on hold and said its 0-0.25 percent target remains appropriate.

    The peso opened at P46.49 to $1 on the Philippine Dealing System (PDS) on Friday, before trading between P46.40 and P46.57.

    Total volume transacted on the PDS rose to $617.5 million from $491.4 million in previous trade.


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