Photographer: Brent Lewin/Bloomberg

Philippine Peso Weakens to 50 per Dollar to 2008 Low: Chart

A tumble for the Philippine currency that began soon after the new president took office in late June has weakened the peso past 50 against the dollar for the first time since 2008. Since Rodrigo Duterte took power, concerns over his deadly drug war -- which has killed thousands -- and his anti-U.S. rhetoric have led investors to pull back. The drop deepened this month amid an emerging currencies rout that followed the U.S. presidential victory of Donald Trump.

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE