The Philippine central bank is letting market forces set the dollar-peso exchange rate, saying that strong remittances and ...
The Philippine peso slid past a long-defended red line for the currency to an all-time low, as the central bank signaled more ...
The Philippine peso fell to its weakest level ever against the US dollar in late October. While it’s since regained some ...
GMA News Online on MSN
Peso breaches P59:$1 level
The Philippine peso past its all-time low on Tuesday as it breached the P59:$1 level, following concerns over the possible ...
The Manila Times on MSN
Peso recovers after hitting all-time low
THE peso traded at P59.26:$1 on Wednesday but recovered to end the day at P58.69 to the dollar, strengthening by 44 centavos from the previous day’s record low of P59.13:$1.
That is, the peso is too strong relative to other currencies. This means that our exports are less price-competitive in the global market, and imports are cheaper and easier to come in. Yes, even at ...
(Bloomberg) -- Philippine central bank Governor Eli Remolona said Tuesday that policymakers will consider both a rate cut and a pause during their next meeting in December, in his first comments on ...
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