THE peso opened the week on a down note, moving closer to the P57:$1 level as the dollar strengthened, while the stock market hit pre-pandemic highs amid hopes of more policy rate cuts.
The currency weakened by 53 centavos to P56.825 against the greenback, its lowest close in nearly two months, after opening at P56.64 and ranging from P56.58 to P56.84. Volume reached P1.296 billion, lower than P1.513 billion in the previous session.
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