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The Philippine peso appreciated against the US dollar on Friday, moving back to the P58:$1 level after touching the P59:$1 barrier the day before, matching the record-low last recorded on November 26.

Peso weakens against the US dollar, seen hitting Php60 vs $1 after rate cuts A weaker peso means overseas Filipino workers (OFWs) can send home more pesos for the same amount of dollar. BSP Manila: ...

THE peso continued to weaken on Thursday, hitting a third record low for the year amid a strong dollar and concerns over economic growth and interest rates. The currency weakened by two centavos to ...