Disappointing data weigh on peso, stocks

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“DISMAL” economic data pulled the peso and stock market down on Wednesday as investors awaited US inflation news that could influence next week’s Federal Reserve (Fed) policy meeting.

The peso, which returned to the P57:$1 level last week after once again hitting a record low of P59 to the dollar in November, weakened by 27 centavos to P58.28 against the greenback.

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