Peso, PSEi end lower as uncertainties rise

By The Manila Times

Jul 23, 2024 12:31 am

PHILIPPINE financial markets closed lower on Monday, tracking declines elsewhere amid renewed uncertainties following US President Joe Biden's decision to bow out of the presidential race.

The peso weakened by four and a half centavos to P58.38 against the dollar, falling for a second day even as the dollar weakened slightly against major global currencies.

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