Peso sinks midday Monday

MANILA, Philippines - The peso is on the edge of crossing the 45 level against the dollar midday Monday, settling at 44.983 from the previous day's 44.88.

Total volume transacted at the Philippine Dealing System amounted to $194.9 million in the morning, lower than the $265.7 million posted the same period on Friday.

The peso opened the week at $44.96.

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