Philippine Peso Plunges To 5-day Low Against US Dollar
28 September 2009 - 7:32AM
RTTF2
The Philippine peso lost ground against its US counterpart on
Monday morning in Asia. The peso slumped to a 5-day low of 47.65
against the US dollar by 9:40 pm ET, down 1 percent from Friday's
fresh 3-month high of 47.18. The dollar-peso pair that closed last
week's trading at 47.235 is presently worth 47.59 with 47.74 seen
as the next target level.
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