Peso Slumps to Record Close After BSP Decision

Peso sinks to record low 61.888 vs dollar

The peso sank to a fresh record closing low yesterday as investors weighed rising domestic inflation risks and remained cautious ahead of new signals on the outlook for US interest rates.

Peso slumps to record close after BSP decision

MANILA, Philippines — The Philippine peso fell 23.8 centavos to a record closing low of 61.888 per dollar Thursday after the central bank announced its policy decision, as investors weighed the outlook for interest rates. The currency surpassed its previous record closing low of 61.847 set on July 24. It touched an intraday low of 61.89

Peso sinks to historic low of ₱61.888:$1

Local markets reacted quickly to the Bangko Sentral ng Pilipinas’ (BSP) higher inflation assumption for 2027 due to El Niño risks, pushing the Philippine...

PSE Index Plunges 2.16% as Peso Hits Record Low

The Philippine Stock Exchange (PSE) index Thursday plunged 132.65 points, or 2.16%, to 6,004.58 points, as the peso posted a record closing low against the US dollar.