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Peso advances as Trump signals tariff flexibility
Business World Philippines
|July 09, 2025
THE PESO appreciated against the dollar on Tuesday after US President Donald J. Trump’s announcement of higher tariffs on 14 countries, while hinting at being open to further trade negotiations.
It closed at P56.35 a dollar, up 33.5 centavos from its P56.685 finish on Monday, according to Bankers Association of the Philippines data posted on its website.
“The dollar-peso traded lower on risk-relief rally after President Donald J. Trump signaled he is open for trade talks,” a trader said by telephone.
The peso opened at P56.55, dipped to its weakest at P56.555, and strengthened to as high of P56.35. Trading volume rose to $1.67 billion, higher than the previous day’s $1.53 billion.
Cette histoire est tirée de l'édition July 09, 2025 de Business World Philippines.
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