Peso slips to P50.83 vs US dollar before recovering to P50.77

July 18, 2017

The peso slid to a near 11-year low of P50.83 against the US dollar in intraday trading but rallied to close at P50.77 on Tuesday. The Philippine currency closed at P50.70 against the US dollar on Monday. Volume reached $653 million from $255.9 million at the Philippine Dealing System. Stocks ended a bit higher.  The Philippine Stock Exchange index closed 18.42 points up to 7,952.92. DMS