Peso hits new 10-yr low at P50.23:$1

Feb 21, 2017 1:21 am

The peso lost further value as the US dollar gained more strength against Asian currencies in Monday trade, driving the Philippine unit to P50.23:$1, its weakest rate in more than 10 years.

The dollar continued to attract safe-haven interest amid growing uncertainty in Europe and the prospects of fiscal reforms in the US under the Trump administration.

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