MANILA, June 4 (PNA) — The dollar ended Thursday a tad better against the Philippine peso as investors took a wait-and-see stance vis-a-vis developments on Greece’s debt payment talks.
The local unit ended the day at Php44.81 from day-ago’s Php44.74, which a trader also attributed to general strengthening of the dollar in the region.
The trader said the decision of the European Central Bank (ECB) to keep its key rates steady also contributed to the dollar’s strength.
Another boost is the within-expectations rise of new private sector jobs in the U.S. last May at about 201,000.
For the day, the peso opened at Php44.80, weaker than the Php44.62 a day ago.
It traded between Php44.84 and Php44.75 bringing the day’s average to Php44.80.
Volume of trade reached US$ 619.25 million, slightly higher than the US$ 601.4 million.
For Friday the peso is seen to trade between Php44.60 and Php44.80 to a dollar. (PNA)