Tuesday 11 December 2018
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businessmirror - 3 month ago

Peso sinks to a new 13-year low ahead of Monetary Board meet

THE local currency sank further into the 54 territory on Monday on the back of external pressures pushing emerging market currencies downward.  Data from the Bankers Association of the Philippines (BAP) showed the peso closed Monday’s trade at 54.23 to a dollar, weaker than the previous day’s trade close at 54.04 against the dollar.  The [ ]

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