Reported about 11 hours ago
Philippine central bank Governor Eli Remolona suggests that the peso could reach a new low of 60 to the dollar, but stresses that if this occurs, it should be orderly and not abrupt. He noted that the peso's recent decline was influenced by Donald Trump's election victory, impacting investor sentiment on trade. While the peso currently stands at 58.64, Remolona is comfortable with this level and indicated that the central bank has slightly intervened in the forex market. They will consider interest rate adjustments in their upcoming December meeting.
Source: YAHOO