Philippine Peso Drops to 60.930 Against US Dollar, Exposing Emerging Market Vulnerabilities - streamlinefeed.co.ke
Philippine Peso Drops to 60.930 Against US Dollar, Exposing Emerging Market Vulnerabilities - streamlinefeed.co.ke
Source: streamlinefeed.co.ke
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DW NOTE
The peso has fallen past 60 to the dollar, but the vulnerability isn't in Manila — it's in Washington. US 10-year yields have jumped 5.41% in a month while the Fed holds rates at 3.63%, meaning the bond market no longer believes the central bank controls the curve. When Treasury term premiums expand while emerging market currencies collapse, that's not peso weakness, that's dollar instability exported as someone else's crisis.