Low peso: A man counting peso bills inside a store in Manila recently. The peso has sunk to a 2005-low this month. — Bloomberg
MANILA: The embattled Philippine peso needs a break and it may soon get one.
More than 10 million overseas Filipinos are preparing to send record amounts of money home for the Christmas and New Year holidays – a period when remittances pick up – with analysts from MUFG Bank Ltd. and Standard Chartered Plc saying those funds will help ease pressure on the currency.
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