‘Rate cut talk, more than tensions, could move forex’

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The story "‘Rate cut talk, more than tensions, could move forex’" was covered 10 hours ago by Business Mirror, a news publisher based in Philippines.

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‘Rate cut talk, more than tensions, could move forex’ - Business Mirror

Quick Summary:

THE Philippine peso is the third worst performing currency against the United States since the Russia-Ukraine conflict, according to an analyst, and the worst performer among Asean countries.

This was followed by the Thai baht which depreciated by 6.9 percent in 2.5 years and Malaysian ringgit, 6.8 percent against the US dollar.

Marcos’ allies in Congress had also scrutinized the vice president over her office’s use of confidential funds and proposed budget for next year which the House of Representatives cut by more than 60 percent.