Peso falls anew to P53:$1

Aug 08, 2018 12:28 am

The peso fell back to the P53:$1 level on Tuesday, losing some of the strength it gained the previous day, following an inflation-fueled stock market plunge.

The currency, which added 30 centavos on Monday to its highest in nearly two months, opened at P52.85 against the greenback and dropped to as low as P53.01 during the day.

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