The Philippine peso is the least loser among emerging-market in Asia this week, thanks to the remittance from its overseas workers and outsourcing industry, which shielded it from the Chinese economic slowdown and increase in US interest rates.
philippine peso
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Asian currencies are expected to gains some ground within the next 12 months
Due to high unemployment rates, the Philippines Stock Exchange Index fell 4.6 percent, its biggest loss since September 2011.
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