Philippines President Rodrigo Duterte’s approval rating is high but given the unfavourable external backdrop, investors may choose to avoid Philippine assets for now. Photo: EPA-EFE

As if a weakening economy was not enough, election uncertainty piles further pressure on Philippine peso

  • Traders set to drive Philippine peso below 13-year low set in October
  • The peso will drop about 2.5pc to 54 per US dollar by the year-end, making it the third-worst currency in the region after the Indonesian rupiah and Thai baht, finds survey
Topic |   Currencies

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Philippines President Rodrigo Duterte’s approval rating is high but given the unfavourable external backdrop, investors may choose to avoid Philippine assets for now. Photo: EPA-EFE
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