THE peso fell to its lowest in nearly three months on Friday, dropping back to the P58:$1 level as the dollar strengthened on expectations of slower Federal Reserve (Fed) rate cuts and the possibility of a second Trump presidency.

Trading resumed after two days of storm-halted foreign exchange operations, and the currency closed out the week at P58.32 against the greenback, its lowest since August 1's P58.333:$1.

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