Geopolitical Chaos Is Breaking Asia’s Currencies — And Central Banks Can’t Stop It.

The geopolitical tensions are pressuring economies worldwide. The Philippine peso sank to 60.8 per dollar on Monday.  The currency extended a March slide that has erased over 5% of its value. Bloomberg reported that the Bangko Sentral ng Pilipinas (BSP) said its currency market intervention remains limited “to tempering large swings that could affect inflation The post Geopolitical Chaos Is Breaking Asia’s Currencies — And Central Banks Can’t Stop It. appeared first on BeInCrypto.