Peso closes at another low of 50.25:$1

The peso on Tuesday shed two more centavos to stay at an over a decade low, even as the Bangko Sentral ng Pilipinas expressed confidence that the country’s solid macro fundamentals would shield not only the domestic currency but also the entire economy against external volatilities. The peso closed at 50.25:$1 from 50.23:$1 last Monday, still the weakest since Sept. 26, 2006’s 50.32:$1. The domestic currency hit an intraday low of 50.355:$1 and a high of 50.25:$1 after opening at 50.3:$1.