THE PESO was mostly flat against the dollar on Wednesday before the US Federal Reserve’s policy decision announcement and amid rate-cut signals from local monetary authorities.
The local unit closed at P57.30 per dollar on Wednesday, weakening by half a centavo from its P57.295 finish on Tuesday, Bankers Association of the Philippines data showed.
The peso opened the session stronger at P57.25 against the dollar. Its worst showing was at P57.32, while its intraday best was at P57.17 versus the greenback.
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