Peso down on dovish BSP
Peso down on dovish BSP- THE PESO depreciated against the dollar on Monday after Finance Secretary Benjamin E. Diokno said the central bank could cut benchmark rates by as much as 100 basis points (bps) this year. The local unit closed at P55.69 per dollar on Monday, weakening by 12 centavos from its P55.57 finish on Friday, based on Bankers […]
Source: bworldonline.com