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THE peso strengthened on Friday as the dollar was undermined by weak jobs data and lower global oil prices.
THE PESO continued to strengthen versus the dollar on Monday following the positive developments in the G-20 Summit.
THE PESO is expected to strengthen against the dollar this week on the back of potentially softer inflation for November, coupled with mixed developments in the United States as well as a seasonal surge in remittances for the holiday season.
THE PESO is seen to strengthen further against the dollar as easing inflation expectations following the policy tightening of the Bangko Sentral ng Pilipinas (BSP), as well as dovish remarks from a US central bank official, will likely support the local currency.
THE peso continued its ascent against the dollar on Friday as market participants reacted to further monetary tightening by the central bank.
THE peso strengthened further against the dollar to a seven-week high with market participants speculating about remittance and bond inflows.