MANILA  -The Philippine peso is back beyond the 56:$1 threshold, losing 28 centavos to the US dollar to close at 56.02:$1 on Aug. 7. This was just three trading days after crossing the 55:$1-mark at 55.19:$1 on Aug. 2. The local currency has lost P1.25 against the greenback since starting the month at 54.77:$1. On Aug. 7, the peso traded at as strong as 55:60:$1 and as weak as 56:06:$1. Monday's closing rate was the weakest for the peso in almost two months or since June 9, when it was pegged at 56.

https://business.inquirer.net/414642/peso-back-at-56-to-1

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