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Business

Peso plunges to 40-month low

The Philippine Star
January 14, 2014 | 5:30pm

MANILA, Philippines- The peso dropped to its lowest level in 40 months against the greenback after closing at 44.815 on Tuesday, weaker than the 44.605 posted on Monday.

Total volume traded amounted to $771.1 million, higher than the previous day's $591.6 million.

The peso earlier hit a three-year low last Tuesday due to strong dollar sentiment despite disappointing jobs data from the United States.

AMOUNTED

CLOSING

DATA

DAY

DESPITE

DISAPPOINTING

DOLLAR

MILLION

PESO

UNITED STATES
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