![Peso snaps_0529](https://firstmetro.com.ph/wp-content/uploads/2024/05/Peso-snaps_0529.jpg)
- The Philippine peso weakened after strengthening the previous day and the domestic share market declined.
- USD/PHP gains 0.4% to 58.1750 as of 9:35 a.m. Manila time; poised to break a 2 day losing streak; Bloomberg dollar spot index little changed
** Most major Asian currencies down versus dollar on day; the Bloomberg Asia Dollar index falls 0.1% to 90.61
** USD/PHP one-month implied volatility is at 5.4875%, up from 5.335% on Tuesday
** USD/PHP 200-DMA currently around 56.376; 100-DMA 56.51; 50-DMA 57.048 - The Philippines’ 10-year bond yield fell 2.57 bps to 6.72% on Tuesday
- The PSEi Index of shares falls 0.3% to 6,480.30 on the day; poised for the lowest close since April 23
** Global investors sold a net $13.5 million of Philippine stocks on Tuesday, according to exchange data