THE Greek Parliament’s decision to approve austerity measures that would allow the government to get fresh funding to pay its debt enabled the peso to regain against the US dollar Monday.

The Philippine Peso ended the day P0.04 better at P42.44 to a dollar against its P42.48 finish last Friday.

It started the day at P42.55, weaker than the P42.22 opening level it register in the previous trading day. Its opening trade for the day is the local unit’s weakest for the day after rising to as high as P42.35. The peso averaged at P42.46 during the day, which is weaker than last Friday’s P42.34 level.

Volume of trade is higher at $1.35 billion from the previous trading day’s $1.34 billion.

Traders said the peso continues to be affected by external developments particularly on Greece’s debt situation. Reports said the Greek Parliament voted 199 to 74, with 27 abstentions, in favor of the austerity measures required by the country’s foreign fund sources for the government to get new loans to pay off its liabilities.

The Parliament also gave the government the go signal to sign a new loan agreement with its creditors and approved a broader arrangement to lessen how much the government should pay its holders of its bonds.