81.   Since the peso is a free-floating currency it is often subject to speculation by investors in Latin American markets, particularly Brazil.

82.   The decision came after Mexico announced on Tuesday that it would allow the peso to be devalued.

83.   The EY group is the first major company to announce cutbacks in its work force since the peso was devalued.

84.   The IMF wants our central bank to stop intervening in the foreign exchange market since there is no proof that the peso is undervalued.

85.   The market was worried about troubled Argentina amid persistent rumors that Economy Minister Domingo Cavallo could resign and that the peso may be devalued.

86.   The peso has been a highly managed currency.

87.   The peso was previously stronger than the Thai baht because of perceived stronger Philippine economic fundamentals but anxiety over the election pushed the peso lower.

88.   The Philippine peso was generally higher against the U.S. dollar in quiet trading Tuesday, buoyed by minimal demand for dollars and generally stronger regional currencies, traders said.

89.   The Philippine peso was sharply stronger Thursday in its sixth straight day of gains.

90.   The Philippine peso was steady in early trading Wednesday as the central bank actively sold dollars to ease pressure on the beleaguered peso, dealers said.