US dollar decline hits remittances of Filipino overseas workers as peso hits year-high
May 19, 2025 #AlJazeeraEnglish #Philippines #Tariffs
The Philippine peso has rallied to a near one-year high. This comes as the value of the US
May 19, 2025 #AlJazeeraEnglish #Philippines #Tariffs
The Philippine peso has rallied to a near one-year high. This comes as the value of the US dollar depreciated amid uncertainties over President Donald Trump’s economic policy. But a strong peso isn’t necessarily good news for millions of Filipinos working overseas.
Al Jazeera’s Barnaby Lo reports from Manila, Philippines.
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