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Peso down anew, may test 60-level soon
Business Mirror
|March 13, 2026
AFTER the Philippine peso plunged to P59.385 against the dollar on Thursday, an analyst said the local currency may test the 60-level in the near term if oil prices remain elevated and global risk sentiment stays "fragile.
Data from the Bankers' Association of the Philippines (BAP) showed the peso closed at P59.385 per $1 on Thursday.
This is 21 centavos weaker than its previous finish of P59.17 on Wednesday.
The local currency hit an intraday high of P59.65 per dollar and traded for as low as P59.3 per greenback.
Dit verhaal komt uit de March 13, 2026-editie van Business Mirror.
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