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Peso weakens vs dollar ahead of US inflation

BusinessWorld June 10, 2021 | 9:00 pm BW FILE PHOTO THE PESO weakened versus the greenback for a third straight day on Thursday on safe haven demand as the market awaits the release of US inflation data, which could dictate the pace of the Federal Reserve’s tapering. The local unit closed at P47.765 per dollar on Thursday, shedding 3.4 centavos from its P47.731 finish the day prior, data from the Bankers Association of the Philippines’ website showed. The peso opened Thursday’s session at P47.72 versus the dollar. Its weakest showing was at P47.777 while its peak for the session was at P47.68 against the greenback.

Peso declines vs dollar as gov t debt stock climbs

Peso declines vs dollar as gov’t debt stock climbs BusinessWorld 1 hr ago © Provided by BusinessWorld THE PESO dropped versus the dollar on Thursday as the government’s debt stock climbed further as of April. BW FILE PHOTO © Provided by BusinessWorld THE PESO dropped versus the dollar on Thursday as the government’s debt stock climbed further as of April. BW FILE PHOTO THE PESO weakened against the dollar on Thursday as the National Government’s debt climbed further as of April amid increased borrowings due to the pandemic. The local unit closed at P47.825 versus the dollar on Thursday, inching down by half a centavo from Wednesday’s finish of P47.82, data from the Bankers Association of the Philippines’ website showed.

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