Tepid GDP growth might push peso toward 60:$1–MUFG

MANILA, Philippines – Weaker prospects for the Philippine peso are seen after the country’s economy underperformed last year,  according to MUFG Research. MUFG forecasts that the currency could gradually slide toward 60 per dollar and trail both G10 currencies and regional peers in Asia. READ: Peso seen at risk of breaching 60:$1 next year The