Tuesday, November 10, 2015

Exchange Rate Could Up to P48 Every Dollar

Exchange Rate Could Up to P48 Every Dollar according to Economists

The peso further slid within the 47:$1 territory, as investors continue to take cue from the positive employment data in the US. 
The local currency lost another 10 centavos on Tuesday, declining to 47.26 from the previous close of 47.16. This is the lowest level registered in more than five years. 
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“Peso-dollar rates reached new highs on continued effect of last Friday’s positive US nonfarm payrolls data,” MetisEtrade Inc. analyst Cherica Vicente said.



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