GULF TIME On the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC ...
Read More »Philippine peso nears key 57 level, raising risk of FX defense
BLOOMBERG An under-pressure Philippine peso is making its third attempt since August to breach a key trigger point for central bank intervention, as broad gains in the dollar reduced the appeal of Asian assets. The currency slid to as weak as 56.98 per dollar on Wednesday, within a whisker of the closely-watched 57 level. Earlier this week, Philippine central bank ...
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