Peso breaches P53 to $1 level, falls to new 12-year low

ABS-CBN News

Posted at Jun 14 2018 01:19 AM

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The Philippine peso sinks to a new 12-year low against the U.S. dollar, but while overseas Filipino workers (OFW) remittances and exports are seen to benefit from the further depreciation of the local currency, government data show otherwise. - The World Tonight, ANC, June 13, 2018