MANILA, Nov. 28 – This week’s overall weakening of Asian currencies vis-a-vis the dollar was an overreaction by fund managers to the prospects of higher US Federal Reserve rates this December, according to Finance Undersecretary Gil Beltran. In its latest economic bulletin issued, the Department of Finance (DOF) said that “of 12 Asian countries, the Philippine peso has been one of the less volatile currencies, with standard deviation-mean ratio relative to the US$ of 5.0 percent from 2000 to […]