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Wednesday, May 16, 2007

Wow at 46!



Yesterday the peso reached the 46-level. Amazing isn’t it! What’s more amazing is that it closed to 46.935 today. According to the financial analysts, investors are happy of the peaceful elections. Aside from that, they are optimistic that the would be elected Top 12 senators would help in the administrations economic reforms.

With the current poll trend of senators, the Genuine Opposition still dominates the Top 12. Would they support the administration in their economic reforms even we know the fact that these opposition senators are always blocking the administrations effort to economic growth.

2 comments:

the philosphical bastard said...

that would be better if the prices of commodities would go down.

Makoy said...

higher peso helped lowered the increase of fuel prices even we know fuel prices abroad rose.