THE PESO declined to a 19-month low against the dollar on Monday due to expectations that Philippine headline inflation picked up in May.
The local unit closed at P58.68 per dollar on Monday, weakening by 17 centavos from its P58.51 finish on Friday, Bankers Association of the Philippines data showed.
This was the peso’s worst finish in 19 months or since its P58.80-a-dollar close on Nov. 3, 2022.
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