Philippines: ING: Peso likely to stay at P51:$1 level

Continued remittance inflows and a better-than-expected current account position could keep the Philippine peso in P51:$1 territory for the rest of year, ING Bank said on Monday. “The second-quarter current account report and July remittance growth support our guarded optimism for USD/PHP,” the bank said in a market report. The second quarter’s small current account […]

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