Peso falls on BSP move to close SDA to foreign funds
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Peso falls on BSP move to close SDA to foreign funds

Manila : Philippines | Jul 09, 2012 at 7:32 AM PDT
Source: Inquirer.net
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PhilippinesThe peso fell on the first trading day of the week to its lowest level in about two weeks as the move of the central bank to prohibit foreign funds from being invested in its special deposit account (SDA) discouraged some investors. The local currency hit an intraday low of 42.015 against the... FULL ARTICLE AT Inquirer.net
 
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