Oil fell to its lowest levels since May while the U.S. dollar surged to a nine-month high, as rising COVID-19 cases worldwide and the prospect of a looming Federal Reserve taper threw cold water on risk appetites.
Minutes of the Fed's July meeting, released on Wednesday, showed officials largely expect to reduce their monthly bond buying later this year
the Bangko Sentral ng Pilipinas (BSP) has decided to make it easier for locals to buy foreign exchange—a measure that could help rein in the peso from rising to unhealthy levels.
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