By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.
MANILA, Philippines — The Philippine peso fell to a fresh record low against the US dollar on the first trading day of the week, as expectations of interest-rate increases from major central banks strengthened the greenback.
The local currency weakened by 2.9 centavos to close at 61.75 per dollar, matching the intraday low and surpassing the previous record low of 61.721 set in the prior session, data from the Bankers Association of the Philippines showed.
READ: Weaker peso bloats government debt
Trading volume eased to $1 billion from $1.2 billion in the previous session.
