![Peso set_0503](https://firstmetro.com.ph/wp-content/uploads/2024/05/Peso-set_0503.jpg)
- The Philippine peso strengthened for a second day and the domestic share market advanced.
- USD/PHP falls 0.3% to 57.3900 as of 9:35 a.m. Manila time; poised for the lowest close since April 18; Bloomberg dollar spot index down 0.2%
** Most major Asian currencies up versus dollar on day; the Bloomberg Asia Dollar index rises 0.2% to 90.52
** USD/PHP one-month implied volatility is at 5.69%, down from 5.715% on Thursday
** USD/PHP 200-DMA currently around 56.12; 100-DMA 56.124; 50-DMA 56.392 - The PSEi Index of shares rises 0.1% to 6,653.41 on the day; poised to break a 2-day losing streak
** Global investors sold a net $1.53 million of Philippine stocks on Thursday, according to exchange data