Peso may trade sideways before key PHL, US data - BusinessWorld Online

Peso may trade sideways before key PHL, US data - BusinessWorld Online

THE PESO is expected to trade sideways against the dollar this week as players await the release of key economic reports, including Philippine inflation and US labor data. On Friday, the local unit closed at P58.841 per dollar, declining by 5.1 centavos from its P58.79 finish on Dec. 29, data from the Bankers Association of the Philippines showed. Week on week, the peso fell by 13.1 centavos from its P58.71 close on Dec. 26. Philippine financial…