Peso tumbles to record low as Middle East tensions boost dollar

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 weakened to its record-low level on Wednesday as a resurgent dollar and renewed Middle East tensions fueled demand for haven assets and weighed on emerging-market currencies.

READ: Peso seen weakening to 63:$1 by end-2026

The peso fell by 0.5 centavos to close at 61.75 against the dollar, matching the record-low finish it set on May 18.

READ: Peso at risk of hitting 64:$1 level–MUFG

Peso tumbles to record low as Middle East tensions boost dollar

Other newsrooms on this story

Related reading

Peso hits record low on political risks, strong dollar

Peso revisits record low on Mideast flare-up

Peso finishes at new record-low of 61.847:$1

Peso hits new record low vs $1; 62 in sight

Peso sinks to new record low

Peso falls to new low of 61.64:$1