The Philippine currency opened on Friday at P44 per dollar from its previous P43.80 closing on Thursday.
The effect came after the US Federal Reserve announced that it would reduce stimulus due to an improving US economy.
As a result of this, the Philippine Stock Exchange index on Friday lost 2.88% or 182.29 points to 6,144 as of 9:55 AM.
Philippine Peso Breached P44-Level Against Dollar
Reviewed by Phil Newsome
on
6/21/2013
Rating:
Reviewed by Phil Newsome
on
6/21/2013
Rating:
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