Philippine Peso Falters as Speculators Snap Up Dollars
13 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 13, Reuter – The Philippine peso has been battered over the past month as speculators moved from once- bullish Manila stock markets to a booming illegal trade in dollars, analysts said on Tuesday. They said the black market rate of the U.S. currency has…