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Peso may be range-bound on escalating US-China trade war

13 April 2025
in Business
Reading Time: 3 mins read
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Peso may be range-bound on escalating US-China trade war
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THE PESO may move sideways against the dollar this week as markets continue to monitor the growing trade war between the United States and China.

The local unit closed at P56.97 per dollar on Friday, strengthening by 38 centavos from its P57.35 finish on Thursday, Bankers Association of the Philippines data showed.

Week on week, however, the peso was down by 14.9 centavos from its P56.821 finish on April 4.

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