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.
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Peso, stock market end week on a positive noteTHE peso strengthened for a second straight day, and the stock market also extended its run of gains to four days at the end of the trading week.
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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.
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Peso weakens further; stock market reboundsTHE peso fell for a third straight day on Wednesday, hitting a fresh 19-month low, while the stock market rebounded following lower-than-expected May inflation.
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Peso, inflation seen driving stock marketTHE peso's performance and inflation data due Wednesday will likely drive the stock market's performance this week, analysts said, with investors also looking to bargain-hunt following recent volatility.
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Peso, stock market hit multi-month lowsTHE peso hit a new near-19-month low on Thursday, weakening by 21-and-a-half centavos to P58.635 against the dollar, and the stock market fell for a fifth straight day to an over five-month low of 6,321.75
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Peso back at P57:$1 level; stock market touches 6,400THE currency strengthened enough to return to the P57:$1 level on Tuesday, but the stock market fell for a third straight day following reports that interest rate cuts could stay higher for longer.
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