The peso dipped further against the US dollar on Thursday after the United States Federal Reserve announced it would keep its interest rates near zero for a “considerable time.”

The local currency opened at 44.50 before trading between 44.42 and P44.58 against the dollar, before settling at P44.42. Thursday’s rate was the weakest since May 2, when the peso traded at P44.50.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details