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Peso Hits 8-Month Low at 44:$1 by Filjan B. Orbeso is a document available to read on EtoBox.

The peso weakened to its lowest level against the US dollar in 8 months, closing at 44.08 pesos to the dollar due to the ongoing eurozone debt crisis causing investors to withdraw funds from emerging markets like the Philippines. Over 10,000 government workers and students in Greece protested new austerity measures through a general strike that shut down public services, as the government seeks additional cuts to secure the next tranche of its international bailout loan to avoid defaulting on its debt payme

Author

Filjan B. Orbeso

Language

EN