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As the peso continued to falter against the dollar, the central bank, Bangko Sentral ng Pilipinas (BSP), has tightened its monitoring of banks’ currency deals with overseas investors in an apparent attempt to curb speculative pressures spilling over to the spot foreign exchange market.

The peso closed Tuesday at its intra-day low of 43.75 to the dollar, its weakest in six months, on lingering concerns on runaway crude oil prices.