The Philippine peso slid past a long-defended red line for the currency to an all-time low, as the central bank signaled more tolerance for weakness.
MARKET jitters over the government’s infrastructure spending controversy and expectations of monetary easing by the Bangko Sentral ng Pilipinas (BSP) have weighed on the peso, which breached the P59 ...
The lack of catalysts and continued weakness of the Philippine peso against the US dollar resulted in a drop in the ...
Nov 18 (Reuters) - The Philippine peso notched its first gain in four days against the U.S. dollar on Friday, helped by a weaker U.S. currency and a central bank rate increase that matched the Federal ...
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