Peso, Asian currencies, hit by US-positive data – BSP

The recent weakening of Asian currencies, including the Philippine peso, against the US dollar can be traced to positive developments in advanced economies, especially the United States, the central bank said on Tuesday.

“The currencies in Asia, including the peso, are being affected by the advanced economies, particularly the US,” Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. told reporters at the Philippine Economic Briefing on Tuesday.