US Edition'Steady' Philippine economy to further strengthen peso—MUFG
Summary by Manila Bulletin
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'Steady' Philippine economy to further strengthen peso—MUFG
A "steady" Philippine economy would allow the peso to further strengthen to the ₱54:$1 level before year-end, despite lingering downside risks from local politics as well as external economic and financial developments, according to Japanese financial giant MUFG Bank Ltd.In a May 27 report titled "Philippines: Steady as she goes," MUFG Global Markets Research senior currency analyst Michael Wan said he expects the Philippine peso to settle at ₱5…
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