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Forex closing April 29, 2026
MANILA, Philippines — The peso sank further past the 61-per-dollar mark on Wednesday, hitting a fresh record low as a stronger greenback and persistent safe-haven demand—fueled by the war in the Middle East—kept pressure on emerging-market currencies ahead of the US Federal Reserve’s next policy decision.
The currency fell 26.7 centavos to close at 61.567 to the dollar, according to data from the Bankers Association of the Philippines, surpassing the previous record low finish of 61.3 set a day earlier. It touched an intraday trough of 61.67 before trimming losses.
Trading volume slipped to $1.6 billion from $1.7 billion as activity in Asia thinned, with markets in Japan closed for a holiday and several major central bank decisions due this week.
