USDPHP
USDPHP
Market read
Rising oil prices can worsen the trade balance of the Philippines, an oil-importing nation, thereby putting depreciation pressure on the peso.
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@bloomberg-markets · 07/14, 08:11 AM
Event soonThe Philippine peso is approaching a record low as rising oil prices, driven by Middle East tensions, renew pressure on the currency.
Rising oil prices can worsen the trade balance of the Philippines, an oil-importing nation, thereby putting depreciation pressure on the peso.