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Peso jumps to one-month high as dollar struggles after weak jobs data
Business World Philippines
|September 09, 2025
THE PESO jumped to an over one-month high against the dollar on Monday as weak US jobs data boosted hopes of a rate cut by the US Federal Reserve next week.
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The local unit closed at P56.69 per dollar, strengthening by 22.5 centavos from its P56.915 finish on Friday, Bankers Association of the Philippines data showed.
This was the peso’s best finish in more than a month or since it ended at P56.65 on July 24.
The peso opened Monday’s session stronger at P56.777 versus the dollar. Its intraday best was at P56.67, while its worst showing was at P56.93 against the greenback.
Dollars exchanged went down to $1.32 billion on Monday from $1.62 billion on Friday.
यह कहानी Business World Philippines के September 09, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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