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Peso inches up as fresh tariff woes pull down dollar - BusinessWorld Online

Summary by bworldonline.com
THE PESO inched up on Monday as the dollar slid after the Chinese commerce ministry said it would “take forceful measures” following US President Donald J. Trump’s claim that Beijing violated the agreements they reached in Geneva. The local unit closed at P55.70 per dollar, strengthening by 4.5 centavos from its P55.745 finish on Friday, Bankers Association of the Philippines data showed. The peso opened Monday’s session weaker at P55.85 against…

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bworldonline.com broke the news in on Monday, June 2, 2025.
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