Embattled peso, now one of the worst performer in South East-Asia, seeks relief as Philippines to weigh rate hike

MANILA (Bloomberg): A rebound in the dollar has hit the peso harder than most of its peers and the losses may get exacerbated if policymakers at the Philippine central bank hold interest rates this week.

With a 3.6% slide in August, the currency has already gone from Asia’s second-best performer to one of the worst in the region.