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Peso slips vs dollar on mixed data - BusinessWorld Online

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The local currency closed at P55.79 versus the greenback on Tuesday, inching down by 3.5 centavos from Dec. 29’s close of P55.755, data from the Bankers Association of the Philippines showed. READ:

THE PESO slipped against theThe local currency closed at P55.79 versus the greenback on Tuesday, inching down by 3.5 centavos from Dec. 29’s close of P55.755, data from the Bankers Association of the Philippines showed.

NG outstanding debt inched up by 0.02% month on month to P13.644 trillion at end-November. Year on year, the debt stock increased 14.35% from P11.93 trillion. Meanwhile, a trader said the peso slipped due to China’s improving coronavirus situation, which could improve global demand and drive oil prices higher.

 

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