Duterte's Talked the Peso to Its Lowest Level in Seven YearsBy
Credit Suisse says higher risk premium, volatility warranted
Export slump, outlook for overseas remittances weigh on peso
The last time the Philippine peso neared 50 to the dollar, the global financial system was melting down and the central bank raised interest rates to defend it. This time, it has been driven by the president cursing his trading partners and his finance chief accepting the declines.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.