The Philippine peso fell against Wednesday, closing at 57.18 against the US dollar, its lowest level in 17 months, from 57.0 on Tuesday, as investors sought the safety of the greenback amid the tension in the Middle East.
Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said the peso moved in line with other emerging market currencies “because of what’s going on in the Middle East.”
He said the peso...
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“It’s a...
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