MANILA – The Philippine peso had little or no changed to greenback on Wednesday as European leaders discuss how to deal with Greece’s debt situation.
It ended the day at 45.16 from 45.17 yesterday.
A trader said markets stayed at the sidelines awaiting for the decision of EU leaders on Greece’s membership in the single currency region.
Greece has been given until this weekend to present a debt deal following last Sunday’s referendum, which saw most Greeks turning down creditors-proposed bailout program. Failure to present a new bailout proposal would mean a Grexit.
For the day, the local unit opened at 45.22, weaker than the 45.13 a day ago.
It averaged at 45.23 after trading between 45.26 and 45.16.
Volume of trade reached USD 578.5 million from USD 450.2 million in the previous trading. For Thursday, the currency pair is seen to trade between 45.10 and 45.30. pna
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