Philippine Peso Slumps To 4-day Low Against Dollar
October 27 2009 - 12:18AM
RTTF2
The Philippine peso weakened against the dollar after hitting a
12-day high of 46.2150 at 9:15 pm ET Monday. The peso thus dipped
to a 4-day low of 47.3950 per dollar within an hour. If the
Philippine currency drops further, it may target the 47.46 level.
At yesterday's close, the dollar-peso pair was quoted at 46.99.
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