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PHP/USD: Philippine Peso Falls to Fresh Record Low as Oil Advances
The Philippine peso dropped to a new record low against the US dollar as oil prices climbed. This decline has increased pressure on the central bank to take measures to defend the currency.
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Adjacent reporting
- PHP/USD: Philippine Peso Declines to Match Record Low on Higher Oil Prices
- Phillippine Peso Approaches Record Low as Oil Prices Advance
- PHP/USD: Marcos Confident Central Bank to Act on Weak Peso, Official Says
- Peso Slump Prompts Philippines to Warn Against Forex Speculation
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- Philippine Peso Falling Trajectory Defies Rate Hike Expectations