Peso further slips to 50.4:$1

The peso on Friday shed nine centavos to close the week at a fresh over 10-year low of 50.4:$1, the weakest since Sept. 12, 2006’s 50.43:$1.

At the Philippine Dealing System, the peso reached an intraday low of 50.4:$1 and a high of 50.315:$1.

It opened at 50.34:$1, weaker than Thursday’s close of 50.31:$1.

The total volume traded rose to $482.1 million from $409 million last Thursday. RAM

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