Peso stronger by 10 centavos

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The peso strengthened against the US dollar ahead of the Federal Open Market Committee meeting next week.

The local unit finished the day at P44.55 from P44.65 on Wednesday.

This, after opening for the day almost unchanged at P44.58 from Wednesday’s P44.59. It traded between P44.60 and P44.53, bringing the day’s average at P44.56.

Volume of trade was down to $590.2 million from the $821.5 million the previous day.


Today, Friday, the peso is expected to trade between P44.40 and P44.80.

PNA

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