US dollar decline hits Filipino overseas workers' remittances as peso hits year-high

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. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X: https://x.com/ajenglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: https://www.aljazeera.com Check out our Instagram page: https://www.instagram.com/aljazeeraenglish Download AJE Mobile App: https://aje.io/AJEMobile #Philippines #OFW #Remittances #USDollarDrop #PhilippinePeso #FilipinoWorkers #Economy #Tariffs #AlJazeeraEnglish