Philippines Peso at 7-Year Low
Philippines Peso at 7-Year Low

Philippines Peso at 7-Year Low

Philippines Peso at 7-Year Low

Investor concerns on the Philippines Rodrigo President Duterte administration’s war on drugs coupled with external developments causing uncertainty globally pulled the peso to a seven-year low on Monday, Business Inquirer reported. The peso closed at 48.25 per US dollar, the weakest level since the close of 48.335 on Sept. 15, 2009. At the Philippine Dealing System, the domestic currency reached an intraday low of 48.26 after opening at 48.07, weaker than last Friday’s close of 47.99, a nine-month low. The total volume traded rose to $758.5 million from $590.5 million recorded at the end of last week.

Short URL : https://goo.gl/OxKXpS
  1. https://goo.gl/Ug3Xf4
  • https://goo.gl/QKjTdJ
  • https://goo.gl/BKN8fZ
  • https://goo.gl/lzwNt4
  • https://goo.gl/L5ufV9

You can also read ...

Russia Economic Recovery Underway
Retail sales in Russia picked up in April, while real wages...
Greece at Crucial Point
Discussions are heating up over future debt repayments for...
While China tries to alleviate its demographic crunch, the aging society means a pension shortfall.
Forget that image of sweatshops making all kinds of cheap...
Brazil CB Keeps Rates on Hold
Brazil’s central bank considered cutting interest rates last...
In 2017 banks had total mortgage lending of around $352 billion.
High levels of household debt are the greatest risk to Sweden’...
Peru Economy Strengthens
Economic growth in Peru strengthened in the first quarter...
EU Tells Italy to Cut Debt, Warns of Euro Spillover
Italy’s incoming government should aim to cut its heavy public...
Saudi Gov’t Told Not to Boost Spending
The International Monetary Fund urged the Saudi government not...