News Formal

Peso touches P58.80 to the dollar; stock market rally also snapped

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 16 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 92%

Peso News

Touches,P58.80,To

THE peso closed at an over 19-month low on Monday as a strong US jobs report drove the dollar higher, and the stock market also fell, with investors said to have taken profits following last week's three-day recovery.

THE peso closed at an over 19-month low on Monday as a strong US jobs report drove the dollar higher, and the stock market also fell, with investors said to have taken profits following last week's three-day recovery.The currency touched the P58.80:$1 close last seen on Nov. 3, 2022, and ended the day 27 centavos weaker at P58.79 against the greenback.Rizal Commercial Banking Corp.

92 percent, and ended the day at 6,458.64.The broader All Shares index also fell by 0.71 percent, or 24.69 points, to 3,467.24.Claire Alviar, research associate at Philstocks Financials Inc., said the 'bourse lost ... as investors took some gains following the market's three consecutive days of rally.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Peso strengthens, still at P58:$1; stock market climbs to 6,500THE peso regained some ground on Thursday and the stock market also climbed back to the 6,500 level with investors said to have continued digesting lower-than-expected May inflation.
Source: TheManilaTimes - 🏆 2. / 92 Read more »