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Peso nears key ₧57 level, raising risk of FX defense • BusinessMirror

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 last Wednesday, within a whisker of the closely-watched 57 level. Earlier this
Bangko Sentral Elim Remolona Jr Federal Reserve Governor Eli Michael Wan

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