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SINGAPORE -- (UPDATE) The Bangko Sentral ng Pilipinas, the country’s central bank was selling dollars in the currency market to try to support the weakening peso, traders said Tuesday.

A trader in Manila said he suspected the central bank stepped into the market at P46.50 per dollar and continued to sell dollars at P46.60.

"Probably the next level to be tested is P46.65," said a second trader.

The peso Tuesday slipped to P46.60 against a broadly stronger dollar, its weakest close in almost a year.

• Thailand, South Korea's spreads widen on turbulence
• (UPDATE) Shares close 0.8 percent higher
• Philippine corporate profits fall – PSE study

• Ex-negotiator now a busy entrepreneur
• Have P100K? Get a mobile veggie cart
• Japanese firm helps youth fulfill dreams