Peso down as CPI data dash hopes of big Fed cut
THE PESO depreciated against the dollar on Thursday after a surprise uptick in core US inflation for August dampened hopes for a big rate cut from the US Federal Reserve next week. The local unit closed at P56.20 per dollar on Thursday, weakening by 22.5 centavos from its P55.975 finish on Wednesday, Bankers Association of […]
Tomas Kauer - News Moderator 
THE PESO depreciated against the dollar on Thursday after a surprise uptick in core US inflation for August dampened hopes for a big rate cut from the US Federal Reserve next week. The local unit closed at P56.20 per dollar on Thursday, weakening by 22.5 centavos from its P55.975 finish on Wednesday, Bankers Association of […]
