The Philippine peso weakened against the dollar after hitting a 12-day high of 46.2150 at 9:15 pm ET Monday. The peso thus dipped to a 4-day low of 47.3950 per dollar within an hour. If the Philippine currency drops further, it may target the 47.46 level. At yesterday's close, the dollar-peso pair was quoted at 46.99.

US Dollar vs PHP (FX:USDPHP)
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