Philippine central bank Governor Eli Remolona isn’t ruling out the possibility of the peso hitting a fresh record low of 60 to a dollar, though monetary authorities will ensure that a fall to ...
The peso fell again to the P59 mark against the dollar on Tuesday, Nov. 26, primarily due to US President-elect Donald Trump’s intention to impose additional tariffs on products from several countries ...
However, the dollar’s fall is likely to be temporary as Bessent has said that he favors a strong dollar and its role as a reserve currency, and likes the idea of selling ultra-long-term bonds.