The local unit closed at P52.12 per dollar on Wednesday, gaining 13 centavos from its P52.25 finish on Tuesday, data from the Bankers Association of the Philippines showed. READ:
nish on Tuesday, data from the Bankers Association of the Philippines showed.
Data released by the Bureau of the Treasury on Wednesday showed the government’s budget deficit narrowed by 1.97% to P187.67 billion in March from P191.4 billion a year earlier. Meanwhile, a trader in an e-mail attributed the peso’s appreciation to global demand concerns amid lockdowns in Beijing due to rising coronavirus disease 2019 cases.
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