The Philippine peso recouped the losses it incurred in early Asian deals against the US dollar on Friday. Currently, the peso is trading at a 3-month high of 47.6250 per dollar, compared to a low of 47.9250 at 10:15 pm ET. On the upside, 47.4 is seen as the next target level for the Philippine currency. At yesterday's close, the dollar-peso pair was quoted at 47.70.

US Dollar vs PHP (FX:USDPHP)
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US Dollar vs PHP (FX:USDPHP)
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