Peso improves vs. US dollar

MANILA, March 13 (PNA) — Investors took profit Thursday, resulting to the improvement of the peso to the US dollar ahead of the Federal Open Market Committee (FOMC) meeting next week.

The local unit finished the day at P44.55 from day-ago’s P44.65.

This after opening for the day almost unchanged at P44.58 from Wednesday’s P44.59. It traded between P44.60 and P44.53, bringing the day’s average at P44.56.

Volume of trade was down to US$ 590.2 million from the US$ 821.5 million a day ago.

For Friday, the peso is expected to trade between P44.40 and P44.80. (PNA)