Duterte Continues Tirade, Says US is Manipulating Peso; Diokno Contradicts

President Rodrigo Duterte has blamed the US for the decline of the peso. He claimed that the US is manipulating the currency that has caused the peso to hit a seven-year low. Budget Secretary Benjamin Diokno, however, immediately contradicted Duterte’s statement, saying that the improved US economy has resulted into a stronger dollar. Diokno also urged investors not to be distracted by the political noise, as he reiterated that…

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