The peso closed at its weakest level in three weeks on Monday as the dollar gained ground ahead of the release of the US nonfarm payroll (NFP) report.
The local unit weakened to P44.61 to $1, losing 9 centavos from its P44.52 close on Thursday last week. Thursday’s close was the lowest finish for the peso since it settled at P44.67 on April 13 this year. There was no trading on Friday due to the Labor Day holiday.
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