Philippine Peso Declines Against Dollar
October 26 2009 - 2:04AM
RTTF2
In Asian trading on Monday, the Philippine peso weakened to
47.1450 against the U.S. dollar. If the Philippine currency slides
further, it may target the 47.27 level. The dollar-peso pair closed
Friday's deals at 46.9350.
The Philippines National Statistical Office said in a report
that the volume of production index for the manufacturing sector
dropped 13.3% year-on-year in August, slower than the revised 15.9%
fall in the previous month.
On a monthly basis, the volume of production index slipped 1.1%
in August, while the value of production index grew 0.4%.
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