Peso may weaken on economic data releases
On Sunday, June 27, 2021, the Philippine peso could weaken against the US dollar this week due to upcoming manufacturing and labor data releases.
The peso closed at P48.481 per dollar on Friday, strengthening by 25.4 centavos from Thursday but weakening slightly compared to a week earlier.
Foreign portfolio investments showed a net inflow of $416.74 million in May, reversing the previous year's outflow of $1.006 billion and April's outflow of $373.95 million.
On Friday, June 25, the peso strengthened versus the dollar as central bank data indicated a net inflow of foreign funds into the country in May.
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