Economics
Philippine Peso Leads Advances in Asia This Week on GDP Growth
This article is for subscribers only.
The Philippine peso led this week’s gains in Asian currencies after the nation’s economic growth beat forecasts.
The Bloomberg JPMorgan Asia Dollar Index, which tracks the region’s 10 most-active currencies outside Japan, rose 0.2 percent from Aug. 22. The peso climbed 0.6 percent to 43.597 against the dollar in Manila yesterday and South Korea’s won added 0.4 percent.