Why the peso is languishing vs the dollar

ABS-CBN News

Posted at Jun 13 2018 03:41 PM | Updated as of Jun 13 2018 05:57 PM

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MANILA -- ABS-CBN Data Analytics looks into the confluence of domestic and international developments that led the peso to depreciate to a 12-year low against the dollar.

The peso closed at 53.23 against the dollar on Wednesday, its weakest level in 12 years, as investors awaited interest rate decisions in the US and Europe.