Peso continues decline, slips to 50.31:$1

MANILA — The peso further fell, on Thursday, to a fresh over 10-year low against the US dollar, closing at 50.31:$1 from 50.28:$1 last Wednesday.

Thursday’s close remained the weakest so far, although stronger by just one centavo, since Sept. 26, 2006’s 50.32:$1.

At the Philippine Dealing System, the peso hit an intraday low of 50.345:$1 and a high of 50.27:$1 after opening at 50.3:$1.

The total volume traded declined to $409 million from Wednesday’s $429.8 million.  SFM