Peso Slides to 8-Year Low; PH Stocks Tumble

The peso Monday slid to an eight-year low, a level of weakness previously achieved at the height of the global financial crisis in 2008. The close of 49.20 to $1 at the start of the week was the weakest since the local currency ended at 49.37 on Dec. 4, 2008, reports Inquirer.net