THE PESO could move sideways against the dollar this week as investors stay cautious amid the ongoing conflict in the Middle East ahead of the US presidential elections.
The local unit closed at P57.511 per dollar on Friday, strengthening by 28.9 centavos from its P57.80 finish on Thursday, Bankers Association of the Philippines data showed.
However, week on week, the peso declined by 30.6 centavos from its P57.205 finish on Oct. 11.
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