Asian emerging market currencies have been having their best year since before the 2013 taper tantrum, bolstered by pace-setting growth rates and attractive yields.
But the Philippine peso has been left out of the party -- ironically after it held up better than peers including Indonesia’s rupiah back in 2013. Unless things change, it’ll be a fifth straight year of declines for the peso, which is down 3.4 percent so far in 2017 versus a 7.9 percent rise for Thailand’s baht.
