The Philippine peso that slipped against the dollar in early Wednesday Asian deals reversed direction after hitting a 2-day low of 47.27 at 9:40 pm ET. At present, the dollar-peso pair is worth 46.49, compared to yesterday's closing value of 46.61. If the Philippine peso advances further, it may target the 46.25 level.

US Dollar vs PHP (FX:USDPHP)
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