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

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MANILA, Philippines — The Philippine peso extended its decline on Friday to a record low as a stronger US dollar, surging oil prices and renewed global trade tensions drove investors toward safer assets.

The currency closed at 61.847 per dollar, weakening 9.7 centavos from its previous record-low finish of 61.75. It touched an intraday low of 61.85 before recovering slightly.

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Trading volume eased to $969.38 million from $1.5 billion in the previous session, reflecting thinner market activity.

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

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