Philippine Central Bank to Take Steps to Curb Speculators as Peso Continues to Weaken

The Philippine peso touched 53.975 to the dollar on Friday's trading, its lowest since June 2006.

Philippine Central Bank to Take Steps to Curb Speculators as Peso Continues to Weaken

  MANILA –  The Philippine central bank will take all actions necessary to deal with speculative activity to prevent sharp swings in the foreign exchange market, its governor said on Friday, as the peso hit a more than 12-year low against the dollar. Consumer prices have been under pressure due in part to the peso’s […]