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Peso slides to fresh two-month low on Fed easing bets
Business World Philippines
|September 30, 2025
THE PESO sank to a fresh two-month low against the dollar on Monday as markets continued to reprice their bets on the US Federal Reserve's policy path following the fresh batch of economic data released last week.
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The local unit closed at P58.145 versus the greenback, dropping by 4.5 centavos from its P58.10 finish on Friday, Bankers Association of the Philippines data showed.
This was the peso’s weakest close in two months or since its P58.32-a-dollar finish on July 31.
The peso opened Monday’s session stronger at P58 versus the dollar. Its intraday high was at P57.945, while its worst showing was at P58.165 against the greenback.
Dollars exchanged rose to $1.47 billion on Monday from $1.38 billion on Friday.
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