51. The peso has fallen far beyond what many expected. 52. The Philippine peso fell against the U.S. dollar Monday, pushed slightly lower by the devaluation of the Russian ruble, dealers said. 53. The Philippine peso fell lower against the weak Japanese yen and other regional currencies. 54. The Philippine peso fell to a new low in brisk trading Wednesday on heavy demand for U.S. dollars, traders said. 55. The Philippine peso fell to another record low early Wednesday on political uncertainties prompted by moves to change the constitution. 56. Traders say the peso has fallen recently because of an inadequate supply of dollars. 57. Without the ample dollar supply, the peso would have fallen further, they said. 58. If the Fed boosts its rates and congress does not pass the aid package, the peso could fall even further, analysts said. 59. In the meantime, he said the peso could fall below the rate of six to the dollar. 60. Also spooking Wall Street were more financial troubles in Mexico, where stocks have skidded and the peso has fallen in response to political uncertainties. |