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Peso tumbles to new all-time low on near-term inflation riskstranslating…
1 min readPhilippinesBusinessWorld Media Group
THE PESO closed at a new all-time low against the dollar on Thursday as prospects of elevated inflation in the near term weighed on market sentiment. The local unit closed at P61.888 a dollar, losing 23.8 centavos from its P61.65 finish on Wednesday, data on the Bankers…