newvideopokermachines| The Philippine peso fell below 58 per dollar

Morning of May 21newvideopokermachines, the exchange rate of the Philippine peso to the US dollar fell below 58. The last time the Philippine peso fell below 58 against the US dollar was on November 10, 2022.

In the Federal Reserve's interest rate hike cycle starting in March 2022,newvideopokermachines, 11 consecutive interest rates have been raised. Affected by the strong US dollar, the currencies of many Asian countries have depreciated rapidly recently, and some currencies have hit new lows in years or even decades. Some experts analyzed that the main reason for the recent pressure on Asian currencies is the U.S. monetary policy. (General reporter Huang Zhengzheng)