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Peso slumps to new all-time low

28 October 2025
in Business
Reading Time: 3 mins read
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Peso slumps to new all-time low
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THE PHILIPPINE PESO breached the P59-per-dollar level for the first time on Tuesday, amid market concerns of slowing economic growth and expectations of further monetary easing.   

At the same time, the Bangko Sentral ng Pilipinas (BSP) said it will allow market forces to determine the peso-dollar exchange rate.

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