Peso falls back to P54:$1 level

Sep 18, 2018 12:22 am

The peso returned to the P54:$1 level on Monday with an analyst pointing to the country’s trade and current account deficits as triggering the decline.

The currency, which added 10 centavos last Friday, opened at P54.10 against the greenback and dropped to as low as P54.28 during the day.

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