THE PESO inched lower against the dollar on Thursday following faster-than-expected US consumer inflation data that raised fears of a delay in the start of the US Federal Reserve’s planned policy easing.
The local unit closed at P56.50 against the dollar on Thursday, weakening by less than a centavo from its P56.491 finish on Monday, Bankers Association of the Philippines data showed.
The peso opened Thursday’s session weaker at P56.53 versus the greenback. Its worst showing was at P56.58, while its intraday best was at P56.42 per dollar.
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