Peso weakens on Delta variant cases
The peso weakened against the dollar on Friday due to concerns about the local transmission of the Delta variant of COVID-19.
Health authorities reported 16 new cases of the Delta variant, including 11 locally transmitted cases in Mindanao.
The peso closed at P50.235 per dollar, down from its previous close and a week-on-week decline since July 9.
Market sentiment was further dampened by rising infections in Indonesia and other parts of Southeast Asia.
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.