The Philippine peso that closed yesterday's trading at 46.61 against the dollar plummeted to 47.3550 during early Asian deals on Thursday. This set the lowest point for the peso since October 02. On the downside, 47.65 is seen as the next target level for the Philippine currency.

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