Duterte's Talked the Peso to Its Lowest Level in Seven Years

Updated on
  • Credit Suisse says higher risk premium, volatility warranted
  • Export slump, outlook for overseas remittances weigh on peso

The Popular President Hating on Obama, UN, and the Pope

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.