The Philippine peso dropped beyond 51 per dollar for the first time since April 2020 amid speculation the nation’s trade deficit will widen as domestic demand improves.
The peso fell as much as 0.5% to 51.27, the weakest level since March 2020. The currency is the worst performer in emerging Asia over the past month with a loss of 1.7% against the dollar.
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January 04, 2022 at 08:38AM
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Philippine Peso Drops Past 51 Barrier for First Time Since 2020 - Bloomberg
"drops" - Google News
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