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

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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

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

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