BusinessWorld Banking
Peso sinks to over two-week low on Fed hike bets
THE PESO slumped to an over two-week low against the dollar on Wednesday as stronger-than-expected US economic data fueled hawkish US Federal Reserve bets, and amid continued uncertainty over the Middle East peace talks. The currency sank by 20.1 centavos to close at P61.552 versus the greenback from P61.351 on Tuesday, based on Bankers Association […]
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Source: bworldonline.com
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