$48:$1 possible after Fed lift-off

$48:$1 possible after Fed lift-off – analyst

Nov 30, 2015 11:19 pm

The peso could hit P48 to the dollar once the US Federal Reserve decides to raise interest rates, a forex industry expert said.

Mario Singh, chief executive officer of Fullerton Markets, told The Manila Times that a 25-basis point hike by the US central bank would mean a reversal of capital flows that would weigh on the peso.

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