Peso sinks to 58.9 per $1, lowest in over 2 years

The Philippine peso sank to its lowest level in over two years on Wednesday to close a few centavos away from the record-low 59, overpowered by a rallying dollar that drew its strength from fresh developments following Donald Trump’s US election win. The local currency finished at 58.91 against the greenback, shedding 10 centavos from
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