Economy / Philippines
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Peso Downside Not Over Yet
September 2008 | Currency ForecastSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Having broken below support in the PHP46.50/US$ area, we are anticipating further misery for the peso as the country's macroeconomic woes persist and the greenback continues its resurgence. We see a distinct possibility that the unit could drop as far as PHP50.00/US$ over the coming months.