Geopolitical Chaos Is Breaking Asia’s Currencies — And Central Banks Can’t Stop It.
The geopolitical tensions are pressuring economies worldwide. The Philippine peso sank to 60.8 per greenback on Monday. The forex prolonged a March slide that has erased over 5% of its worth. Bloomberg reported that the Bangko Sentral ng Pilipinas (BSP) stated its forex market intervention stays restricted “to tempering giant swings that would have an…
