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Peso strengthens on Fed easing view
Business World Philippines
|November 28, 2025
THE PESO appreciated against the dollar on Thursday amid growing expectations of a rate cut by the US Federal Reserve next month.
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The local unit rose by eight centavos to close at P58.76 per dollar from its P58.84 finish on Wednesday, Bankers Association of the Philippines data showed.
The peso opened Thursday’s session stronger at P58.75 against the greenback. Its intraday best was at P58.73, while its worst showing was at P58.835 versus the dollar.
Dollars traded increased to $1.08 billion from $944 million on Wednesday.
This story is from the November 28, 2025 edition of Business World Philippines.
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