Peso weakens as market awaits quarantine updates

On Tuesday, the Philippine peso weakened slightly against the US dollar as investors remained cautious ahead of government announcements on quarantine measures.

The peso closed at P50.31 per dollar, a centavo weaker than Monday's close of P50.30.

Market players are waiting for clearer guidelines on the lifting of lockdown measures and new policies starting May 16 under a modified enhanced community quarantine.