The peso strengthened against the dollar anew on Wednesday, Feb. 21, as the local central bank was suspected to continue intervening amid the big selloff by the US Treasury.
The local currency closed today’s session at P52.10 against the greenback, 14 centavos stronger than its P52.24-per-dollar finish last Tuesday.
The peso traded stronger the whole day, opening the session at P52.165 per dollar. Its intraday low stood at P52.21, while its best showing was at P52.06 against the US currency.
Dollars traded Wednesday slipped to $965.95 million from the $977.8 million logged the previous session.
“The BSP (Bangko Sentral ng Pilipinas) was still intervening that’s why the dollar-peso [remained stronger] throughout the day,” a trader told BusinessWorld in a phone interview on Wednesday.— Karl Angelo N. Vidal
