Peso sinks to fresh record low of ₱63.09:$1 as BOP deficit, oil and war pressures mount | |
| |
Just two trading days after hitting its previous record low, the Philippine peso slumped further to a fresh historic-low close of ₱63.09 against the United States (US) dollar on Monday, Oct. 19, as the country’s worsening balance of payments (BOP) position added to existing oil and war pressures, as well as rising demand for the safe-haven US dollar. Read more |

No comments:
Post a Comment