Philippine peso hits record intraday low as oil stays elevated
The Philippine peso weakened to a record intraday low versus the dollar on Wednesday. Analysts at Maybank said the currency could remain under pressure if oil prices stay elevated.
The Philippine peso weakens to a record intraday low against the dollar on Wednesday.
The currency seems like it would remain under pressure, as oil prices could stay elevated, Maybank analysts say.
However, the analysts say that any signs of Bangko Sentral ng Pilipinas' intervention could put a li…