The peso and other Asian currencies inched up on Wednesday amid expectations that US monetary officials would implement more initiatives to further pump-prime the world’s largest economy.
The local currency closed at 43.215 against the greenback, up by 6.5 centavos from Tuesday’s finish of 43.28.
Intraday high hit 43.17:$1, while intraday low settled at 43.24:$1. Volume of trade increased to $852.49 million from $795.95 million previously.
Traders said investors have been expecting the US Federal Reserve to come up with another round of injecting funds into the US economy after it completed its $600-billion bond-buying program in June.
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