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Article: P/$ rate closes at P51.43 to $ 1P/$ rate closes at P51.43 to $ 1.(News In Brief)
- Article from:
- Manila Bulletin
- Article date:
- August 8, 2006
CopyrightCOPYRIGHT 2006 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The peso rate closed higher at P51.43 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P51.52 last Friday. The weighted average rate appreciated to P51.383 from P51.573. Total volume amounted to $ 525.8 million.
FOMC move no impact here
The US Federal Open Market Committee's move on interest rates this week will not affect the Bangko Sentral ng Pilipinas own policy decision on Thursday, the bank's deputy governor Diwa Guinigundo said. He said the Fed decision on any pause in rate hikes will have "no impact" on the Philippine bank's monetary policy move. "(The Fed's decision) is something to ...