The Philippine peso edged higher on Tuesday, closing at 60.32 per dollar, up from 60.48 the day before, as investors priced in the upcoming interim peace pact between the United States and Iran. Trading opened at 60.40, moved between 60.29 and 60.50, and averaged 60.38 for the session, while volume jumped to $2.5 billion.

Despite the currency’s gain, the Philippine Stock Exchange index slipped 0.43% to 6,245.75 points, with the broader All Shares down 0.27% to 3,425.03. Financials led the declines, falling 1.58%, while Mining and Oil rose 2.67% and Services up 0.47%. A total of 862.02 million shares worth PHP11.8 billion changed hands, with more decliners (92) than advancers (84).

Luis Limlingan, head of sales at Regina Capital Development Corp., said the market was in profit‑taking mode, despite optimism about stable oil prices and easing inflation following the peace agreement news. Selling pressure intensified in the afternoon as investors locked in recent rally gains.