Saturday, December 15, 2007

Peso Defies Asian Currency Plunge, rises against the Dollar

More news on the peso strong climb against the dollar.

Inquirer.net reports Peso defies Asian currencies decline. Another report cites moves by the Federal Reserve to ease the credit crunch. This early, there is speculation that the peso may test the 37 to $1 level by 2008.

Balita.org says the peso surge due to dollar remittances from OFW's abroad.

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