US Dollar Update, 10.06.2009

By Randell Tiongson on October 6th, 2009

Central Bank intervenes to support USD

    · Peso strengthened further, hitting a fresh 9-month high of P46.71 to a dollar vs P47.10 the previous day.

    · Attributed to strong inflows from overseas workers who sent home funds to families affected by Typhoon Ketsana

    · Philippine central bank reportedly bought around $200 million at several levels, with bulk at  46.72 mark.


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