Tuesday 20 November 2018
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inquirer - 5 month ago

Peso falls to 53.23:$1, a 12-year low

The peso fell to its weakest level against the US dollar in 12 years on Wednesday as traders digested dovish statements of central bank officials that made financial markets uncertain about another interest rate hike next week to help cap local consumer prices. At the same time, investors also unloaded the peso and shifted to the dollar without waiting for the outcome of a US Federal Reserve meeting where markets expected the world s most influential central bank to raise its own interest rates for

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