Peso Strengthens on Lower Unemployment Data, Closes at P62.75:$1
The Philippine peso strengthened against the US dollar, buoyed by positive domestic employment data indicating a drop in the unemployment rate. Closing at P62.75:$1, the peso's appreciation is also attributed to easing concerns over third-quarter import surges and anticipation of increased OFW remittances in the fourth quarter.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- PSEi Rebounds to 5,700 Level on Improved Unemployment Data
The Philippine Stock Exchange index (PSEi) rebounded to the 5,700 level, buoyed by a decrease in the unemployment rate to 5.3% in August. Improved labor market data boosted investor sentiment.
- Philippine Unemployment Eases to 5.3% as Agriculture Sector Adds Jobs
The Philippines' unemployment rate eased to 5.3% in August 2026, driven by job gains particularly in the agriculture sector. However, the figure is worse than the previous year, with manufacturing slowdowns and reduced working hours due to bad weather posing ongoing challenges.