Peso nears P53:$1, hits fresh 12-yr low

Jun 12, 2018 12:28 am

THE peso weakened to a new 12-year low against the dollar on Monday, weighed down by geopolitical developments and worries over an expected US interest rate increase announcement.

The currency closed 25 centavos down at P52.95:$1, its lowest since a P52.98:$1 finish on July 3, 2006.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.