Peso inches up on strong fixing of Chinese currency

February 15, 2016 11:45 pm 

By Joann Santiago

MANILA, Feb. 15 (PNA) — The Philippine peso ended Monday sideways against the dollars on strong fixing on the Chinese currency.

It ended the week's first trading session at 47.45 from 47.51 Friday last week.

A trader said strong inflows in the local bourse helped lift the local currency.

For the day, the local unit opened at 47.47, sideways from the 47.51 in the previous session.

It traded between 47.56 and 47.43 bringing the day's average to 47.48.

Volume of trade reached USD 512.4 million, lower than the USD 560.1 million at the end of last week.

For Tuesday, the currency pair is seen to trade between 47.40 and 47.60.(PNA)

/JSV/EDS

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