91. Currency trading was temporarily suspended twice Tuesday morning as the Philippine peso plunged through new volatility limits imposed to halt wild rate fluctuations. 92. Despite the assurances, the trade figures have shaken the Philippine peso. 93. Efforts by the central bank to head off another attack on the Philippine peso sent stocks tumbling Thursday to their lowest level in two months, traders said. 94. Fears of a devaluation of the Chinese yuan triggering another round of regional currency declines drove the Philippine peso sharply lower against the U.S. dollar in morning trading Friday. 95. Fears of possible violence contributed to sharp drops this past week in the Philippine peso and stock market. 96. Filipino bankers are retaining an optimistic outlook for the economy despite the continued depreciation of the Philippine peso in the foreign exchange market. 97. He also devalued the Philippine peso in an effort to stimulate the sagging economy through greater sugar exports. 98. He also devaluated the Philippine peso in an effort to stimulate the sagging economy through greater sugar exports. 99. He said the agreements provide the central bank with stand-by funds that can be tapped if the Philippine peso comes under speculative attack. 100. He said the move was prompted by declining world oil prices and the relatively stable Philippine peso. |