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THE PESO weakened on Wednesday after a plan for the United Kingdom's exit from the European Union was thumbed down, adding more uncertainty to the market.
THE PESO is seen to weaken further against the dollar this year as the surge of capital goods to support the infrastructure push of the government is expected to widen the trade deficit.
THE PESO strengthened further on Friday, paring losses in the last trading day of 2018 due to weaker economic data in the United States that kept the dollar on a losing streak.
THE PESO weakened versus the dollar on Thursday as the US Federal Reserve made hawkish remarks despite expectations of a pause after its interest rate hike.
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.
MEMBER BANKS of the peso-renminbi spot trading facility have executed their first batches of trade following its establishment last month.