THE PESO weakened slightly against the dollar on Monday as market players turned cautious ahead of the release of June consumer price index (CPI) data this week.
The local unit closed at P58.65 per dollar on Monday, down by four centavos from its P58.61 finish on Friday, Bankers Association of the Philippines data showed.
The peso opened Monday’s session stronger at P58.55. Its weakest showing was at P58.695, while it climbed to as high as P58.47 versus the greenback.
Dollars traded went down to $920.83 million on Monday from $1.17 billion on Friday.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.