THE PESO rose against the dollar on Thursday following the release of May US consumer price index (CPI) data overnight.
The local unit closed at P58.58 per dollar on Thursday, strengthening by 10 centavos from its P58.68 finish on Tuesday, Bankers Association of the Philippines data showed.
The peso opened Thursday’s session stronger at P58.48 against the dollar. Its weakest showing was at P58.69, while its intraday best was at P58.47 versus the greenback.
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