MANILA – The Philippine peso ended the week sideways to a dollar as investors await the July 2015 non-farm payrolls report in the US.
It ended the day at 45.74 from 45.79 a day ago, which a trader attributed to expected increase in the non-farm jobs in the sixth month this year.
”The peso slightly weakened as dealers took to the dollar for safety,” a trader said.
”A positive turn-out on the non-farm payrolls report is a plus factor for a possible hike in the Fed (Federal Reserve) rates as early as September,” the trader said.
For the day, the peso opened at 45.79, little changed from the 45.75 a day ago.
It traded between 45.82 and 45.73 bringing the day’s average to 45.77.
Trading volume amounted to USD 473.7 million, lower than Thursday’s USD 521.4 million.
Next week, the peso is seen to trade between 45.60 and 45.90. pna
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