Peso drops to new low – finalhang.buzz

Peso drops to new low

The Philippine peso drops to another record low on Wednesday. The drop to a new record level came as expectations of a more hawkish US Federal Reserve (Fed) bolstered the dollar, while investors awaited the next policy move of the Bangko Sentral ng Pilipinas (BSP). The local currency shed 27.1 centavos from its previous finish

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