Lousy Dutertenomics. The previous day, the 6.4% August inflation rate report; yesterday the PSE was back to double digit negative, -10.8% ytd. Early today, the PH Peso/US$ is almost 54. Meanwhile, lousy Du30 politics focus on jailing its vocal critics. Mga bueng.
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https://quotes.wsj.com/fx/USDPHP
BPI's Chief Economist Jun Neri commented that Rupee, Rupiah and CNY are in the same boat as PHPeso, data as of end August 2018.
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Mid-2016 or days before Duterte was officially inaugurated as President, the PH Peso was generally on the same level as its neighbors' currencies. After 2+ years...
