philippine peso

Latest news and articles about philippine peso from NEX English

Philippine Peso Declines to 61 Against Dollar Amid Asian Currency Turmoil

The Philippine peso has significantly declined to 61 against the US dollar due to the deterioration of Asian currencies amid ongoing crises in the Middle East. This drop comes at a sensitive time when global markets are experiencing substantial volatility.

Philippine Government Acknowledges Limits in Peso Defense

Philippine President Ferdinand Marcos Jr. announced that his government will endure the peso's depreciation, indicating there are limits to their defense of the currency amid rising U.S. dollar pressures. This statement was made during an interview with Bloomberg in Manila.