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PHP/USD: Philippine Peso Declines to Match Record Low on Higher Oil Prices
The Philippine peso fell to a record low as higher oil prices exerted downward pressure on the currency. The decline in PHP is directly linked to increased oil costs.
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Adjacent reporting
- Phillippine Peso Approaches Record Low as Oil Prices Advance
- Philippine Peso Falling Trajectory Defies Rate Hike Expectations
- Peso Slump Prompts Philippines to Warn Against Forex Speculation
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