Tuesday 20 February 2018
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6 days ago

Philippine peso weakest in over 11 years

MANILA, Philippines – The Philippine peso depreciated to P52.12 against the United States dollar on Wednesday, February 14, its weakest performance in over 11 years, as a surge in imports led to record trade deficits. The local currency shed 14 centavos on Wednesday, closing at P52.12 to $1. This was ...

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