PH peso recovers to 61.485:$1 after touching new intraday low

MANILA, Philippines — The Philippine peso firmed up on Thursday after falling to a fresh intraday low following the US Federal Reserve’s decision to keep interest rates unchanged. READ: Peso hits new record low vs $1; 62 in sight The local currency rebounded 8.2 centavos to end a shortened trading week at 61.485 per dollar. Markets are shut on Friday for the Labor Day break.  READ: Peso-to-dollar breaches 61 for the first time In morning trading, the Philippine currency touched an intraday record low of 61.75 before paring declines. Trading volume jumped to $2.5 billion from $1.6 billion in the […]... Keep on reading: PH peso recovers to 61.485:$1 after touching new intraday low

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