THE PESO dropped sharply against the dollar on Tuesday amid lingering uncertainty over the Trump administration’s tariff plans and following hawkish comments from a US Federal Reserve official.
The local unit closed at P57.60 per dollar on Tuesday, sinking by 28 centavos from its P57.32 finish on Monday, Bankers Association of the Philippines data showed.
The peso opened Tuesday’s session slightly stronger at P57.31 against the dollar. Its worst showing was at P57.61, while its intraday best was at P57.30 versus the greenback.
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