Peso touches P62.775:$1; stock market closes lower

The Manila Times 19 h Philippines

THE peso remained under pressure on Monday, touching a new intraday low of P62.775 to the dollar before regaining ground to end the day at P62.586, just shy of Friday’s record close of P62.59 to the greenback. The currency opened at P62.62:$1 and ranged from P62.58 to P62.775. Volume increased to $1.189 billion from $1.521 billion in the previous session. Philippine Institute for Development

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