A MIX of domestic and external factors weighed on the Philippine peso Friday, pressing it further against the US dollar to finish at a new low in more than 10 years.
The local currency closed 9 centavos weaker at P50.40:$1 on Friday, from P50.31 on Thursday. It was the peso’s weakest finish since settling at P50.43:$1 on September 12, 2006.
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