THE Philippine peso fell further on Monday to close at P51:$1 level, its weakest finish in almost 11 years.

The local currency softened by 10 centavos from P51.08:$1. It opened at P50.95 to $1, before trading between P50.90 and P51.08 against US currency and lodged its weakest closing since it couched at P51.21:$1 on August 28, 2006.

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