Peso Tracks Yen's Surge as Trading Volume Climbs
The peso strengthened against the dollar on Wednesday, rebounding by 11.2 centavos to finish at PHP 62.513 versus the greenback.
This move tracked the Japanese yen's continued surge along with other regional currencies.
The local unit opened Wednesday's session stronger at PHP 62.50 per dollar and traded better than Tuesday's finish the entire day, its weakest showing being at just PHP 62.55.
Trading volume climbed to USD 1.68 billion from USD 1.389 billion.