![Peso set_0307](https://firstmetro.com.ph/wp-content/uploads/2024/03/Peso-set_0307.jpg)
- The Philippine peso strengthened for a sixth day and the domestic share market declined.
- USD/PHP falls 0.1% to 55.8000 as of 9:35 a.m. Manila time; poised for the lowest close since Feb. 22; Bloomberg dollar spot index down 0.1%
** Most major Asian currencies up versus dollar on day; the Bloomberg Asia Dollar index rises 0.1% to 91.71
** USD/PHP one-month implied volatility is at 4.215%, up from 4.19% on Wednesday
** USD/PHP 200-DMA currently around 55.997; 100-DMA 56.014; 50-DMA 55.967 - The Philippines’ 10-year bond yield was little changed at 6.26% on Wednesday
- The PSEi Index of shares falls 0.4% to 6,848.15 on the day; set for a third day of declines
** Global investors bought a net $902,200 of Philippine stocks on Wednesday, according to exchange data