The Philippine peso and the local stock market closed stronger on Friday following signals from the U.S. market.
The peso closed at 58.52 to a dollar, stronger than the 58.611 finish on Thursday.
It opened at 58.555 and traded between 58.49 and 58.59, bringing the weighted average for the day to 58.539.
The trade volume went down $1.2 billion from $1.3 billion the previous day.
Meanwhile, the Philippine Stock Exchange index (PSEi) slightly increased by 8.90 points to 6,518.76.
All Shares, meanwhile, closed at 3,491.93, up by 2.14 points.
"Philippine equities ended the day relatively unchanged, echoing the muted movement of the US market," Regina Capital Development Corp. head of sales Luis Limlingan said.
"US investors are in a holding pattern ahead of the May jobs report, anticipating that signs of a slowing labor market could prompt the Fed to consider interest rate cuts. Meanwhile, the next significant data release for the Philippines is the FDI report, set to drop on Thursday, June 13," Limlingan added.
Except for holding firms, almost all sectors are closed in green. Decliners led advancers at 90 to 88, while 63 shares were unchanged.
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