The peso plunged to its third all-time record low this month while local equities extended their losing streak to close near the 6,060 level.
The peso gave back part of its recent gains while local equities fell below the 6,100 level, ending a three-day winning streak.
The peso strengthened past the ₱62.55 level to snap its record-low streak, while local shares extended gains for a second straight session.
The peso weakened past the ₱62.60 mark to hit a fresh record low against the dollar, while local equities rebounded to stay above the 6,100 level.
The Philippine peso snapped its record-low streak while local equities notched modest gains, keeping the PSEi above the 6,000 threshold.
The peso sank to another record low against the US dollar while Philippine shares reversed their previous gains, keeping both markets under pressure.
The peso hit a fresh historic low against the US dollar for a third consecutive session on Tuesday, overshadowing a sharp recovery in local equities that pushed the PSEi back above 6,000.
Philippine financial markets suffered another sharp downturn on Thursday as stocks fell to their lowest close in nearly two months while the peso breached its previous record low.
Philippine financial markets ended mixed on Wednesday as stocks extended their decline while the peso recovered from the previous session’s weakness.
Philippine financial markets ended lower on Tuesday as stocks gave up their recent recovery while the peso weakened slightly and remained near the ₱61.80 level.
