The peso weakened further against the US dollar on Tuesday as investors took greater interest in the greenback, with sentiment still influenced by the United States Federal Reserve’s policy decision to keep its key interest rates near zero last week.

The local currency opened at P44.55 to $1 on the Philippine Dealing System (PDS) before trading between P44.51 and P44.60. It closed at P44.52, a four-month low.

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