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Peso begins last week of the year at P55.90:$1

THE Philippine peso depreciated to P55.90 against the United States dollar on Tuesday, losing 75 centavos to open the trading week on a slight negative tone.

Trading opened at P55.15 and ranged from P55.15 to P55.93. Total volume reached $813.27 million, down from December 23's $1.02 billion.