The local unit closed at P52.27 per dollar on Thursday, weaker by 15 centavos from its P52.12 finish on Wednesday, based on data from the Bankers Association of the Philippines. READ:
THE PESO weakened versus the greenback on Thursday following news of the detection of a case of the new sub-variant of the coronavirus disease 2019 in the country and data showing a net “hot money” outThe local unit closed at P52.27 per dollar on Thursday, weaker by 15 centavos from its P52.12 finish on Wednesday, based on data from the Bankers Association of the Philippines.
The peso opened Thursday’s session at P52.15 against the dollar. Its weakest showing was at P52.36, while its intraday best was at P51.96 versus the greenback.The peso depreciated on news of the detection of therst case of the Omicron sub-variant in the country, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.
The virus was detected in a female who arrived from Finland earlier this month, the Department of Health said late Wednesday. The patient, who is fully vaccinated and was asymptomatic, went to Baguio City to conduct seminars. The US Center for Disease Control earlier attributed rising infections in the world’s largest economy to the sub-variant.Foreign portfolio investments posted a net outow of $305.08 million in March, the central bank reported on Thursday. This is smaller by 43.6% than the $540.97-million net outow is also the biggest in eight months or since the $339.7 million seen in July 2021.
Meanwhile, a trader in a Viber message said the peso “depreciated from bargain hunting after the currency brieFor Friday, both Mr. Ricafort and the trader gave a forecast range of P52.15 to P52.35 per dollar. —
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Suspek sa multi-million peso investment scam gamit ang crypto currency, nadakipArestado sa entrapment operation ang isang 40-anyos na lalaki na suspek sa milyon-milyong pisong investment scam na gumagamit ng crypto currency.
Read more »
Peso climbs as budget gap narrows - BusinessWorld OnlineThe local unit closed at P52.12 per dollar on Wednesday, gaining 13 centavos from its P52.25 finish on Tuesday, data from the Bankers Association of the Philippines showed. READ:
Read more »
Peso up as BSP chief says June hike possible - BusinessWorld OnlineThe local unit closed at P52.25 per dollar on Tuesday, appreciating by 16 centavos from its P52.41 finish on Monday, based on Bankers Association of the Philippines data. READ:
Read more »
Hot money outflows reach $305 M in MarchThe central bank-registered foreign portfolio investments in March registered a net outflow of $305 million, reversing February’s net inflow of $274 million.
Read more »
Peso up as BSP chief says June hike possible - BusinessWorld OnlineThe local unit closed at P52.25 per dollar on Tuesday, appreciating by 16 centavos from its P52.41 finish on Monday, based on Bankers Association of the Philippines data. READ:
Read more »
Peso climbs as budget gap narrows - BusinessWorld OnlineThe local unit closed at P52.12 per dollar on Wednesday, gaining 13 centavos from its P52.25 finish on Tuesday, data from the Bankers Association of the Philippines showed. READ:
Read more »