THE peso fell against the dollar to start the week, but the stock market snapped a four-day decline as investors awaited fresh economic data and the results of this Wednesday’s Bangko Sentral ng Pilipinas (BSP) policy meeting.
The currency weakened by 26 and a half centavos to P57.47:$1, tracking declines elsewhere in the region. It opened at P57.28 to the dollar and ranged from P57.26 to P57.5, and volume also fell to P780 million from Friday’s P1.325 billion.
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