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In the 3rd week of this investment simulation, dated September 5–9, 2022, the group is

faced with different macroeconomic changing factors, especially when it comes to dollar rates,
inflation, monkeypox news, and the death of Queen Elizabeth. On September 5 of the same year,
the Philippine peso sank to its lowest value in history, closing at 56.999 against the US dollar.
Additionally, flag carrier Philippine Airlines (PAL) confirmed that one of its passengers bound
for Hong Kong has monkeypox. This, in effect, causes some turmoil in the consumers' budgetary
expenditures in anticipation of what comes next after the release of the information. On
September 9, the death of Queen Elizabeth occurred. The British pound has already been on a
downward trajectory over the past several months, and the Queen’s death may just further
influence this as the currency hit a 37-year low of $1.14 in the past several days. According to
the Philippine Statistics Authority (PSA), inflation eased to a two-month low of 6.3% in August,
as the rise in food and transport costs slowed. The transport index, which accounts for 9% of the
CPI, eased to 14.6% year on year in August from 18.1% in July. This was attributed to the
deceleration of the prices of diesel (70.95% in August from 91.3% in July) and gasoline (31.2
percent from 45.4 percent).

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