Peso Touches New Record Low of 62.35-per-Dollar

Peso touches new record low of 62.35-per-dollar

MANILA, Philippines — The Philippine peso opened the shortened trading week at a new record low as broad strength in the US dollar pressured the currency. On Tuesday, the peso opened at 62.25 per dollar, dropping to a low of 62.35, exceeding the previous record of 62.27 from Aug. 28. READ: Peso weakens further, breaches 62:$1

Philippine peso plunges to back-to-back record low

The Philippine peso has extended its downward slide against the US dollar, hitting record-low levels for two consecutive days. The local currency closed at 62.265php against the US dollar on Friday, August 28, marking its all-time low in history. This came a day after the peso already posted its second-lowest closing value at 61.888php on

BSP Won’t Defend ₱60 Target as Philippine Peso Hits Historic Low Past ₱62

The Bangko Sentral ng Pilipinas ruled out using foreign reserves to hold the peso below ₱60 as the currency fell to a historic low of ₱62.265 against the US dollar.

BSP Won't Defend ₱60 Target as Philippine Peso Hits Historic Low Past ₱62

The Bangko Sentral ng Pilipinas ruled out using foreign reserves to hold the peso below ₱60 as the currency fell to a historic low of ₱62.265 against the US dollar.