Saturday 17 November 2018
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inquirer - 4 month ago

Peso seen testing 54-55 to $1

The peso may weaken to 55 against the US dollar this year as foreign capital flows out of emerging markets into developed markets, the treasurer of China Bank said. We will probably revisit new (dollar) highs...emerging markets are flopping, China Bank treasurer Benedict Lee Chan told reporters yesterday. You ve seen the United States raise rates. You ve seen ECB (European Central Bank) and the rest of the G10 countries also raising rates. With that, capital flows are going out of the Philippines, he

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