PHP

Philippine Peso Hits Record Low as Growth Concerns Increase Pressure

The Philippine peso has weakened to around 63 per US dollar, reaching a record low as concerns over the country’s economic outlook, elevated inflation and energy-related pressures weigh on sentiment. The currency’s decline is intensifying expectations that the Bangko Sentral ng Pilipinas (BSP) may need to consider further monetary tightening to help stabilise the exchange […]

by Currency Hedger

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• 41 minutes ago