By MB Online
The peso and stock market closed in opposite directions on Wednesday, March 15.
The Philippine peso–US dollar exchange rate at the Philippine Dealing and Exchange Corporation (PDEX) closed at P50.34, slightly stronger than Tuesday’s (March 14) rate at P50.36.
At the Bangko Sentral ng Pilipinas (BSP) reference exchange rate bulletin, the exchange rate settled at P50.35 to the greenback.
In contrast, the Philippine Stock Exchange Index (PSEi) slipped by 7.96 points (0.11%) to settle at 7,253.79.
The all-shares index likewise dropped by 9.51 points (0.22%) at 4,373.82.
Tags: Bangko Sentral ng Pilipinas, BSP, forex, manila bulletin, PDEX, peso-dollar rate, Philippine Dealing and Exchange Corporation, Philippine Stock Exchange, PSEi, stock market, Wednesday markets: Peso-dollar rate at P50.34; stocks slip