Peso drops further vs dollar on US jobs report

THE PESO weakened further against the dollar on Monday amid recession fears due to softer US labor data. The local currency closed at P55.69 versus the dollar on Monday, dropping by seven centavos from Friday’s P55.62 finish, data from the Bankers Association of the Philippines’ website showed. The local unit opened Monday’s session at P55.55 […]

Peso drops further vs dollar on US jobs report
THE PESO weakened further against the dollar on Monday amid recession fears due to softer US labor data. The local currency closed at P55.69 versus the dollar on Monday, dropping by seven centavos from Friday’s P55.62 finish, data from the Bankers Association of the Philippines’ website showed. The local unit opened Monday’s session at P55.55 […]