CEBU, Philippines - The peso could strengthen to the 30-level against the dollar next year as investors continue to flood emerging markets regardless of the outcome of the US elections on Tuesday, an investment bank said.
A strong peso, while making imports cheaper, also makes export products expensive abroad, possibly denting demand. It also trims the value of remittances from overseas Filipinos.
Is this a prediction or for real?
[Tuesday, November 06, 2012
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