The peso lost more value against the dollar in Thursday trade after US Treasury yields rose following strong housing data and local corporate demand for the greenback.
The local currency closed at P44.30 to $1 on the Philippine Dealing System (PDS), losing 8 centavos from P44.22 on Wednesday. It earlier opened at P44.25 to $1 and traded between P44.24 and P44.32.
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