Philippine Peso Weakens to Record Intraday Low Against Dollar
The peso fell to a record intraday low against the dollar. DBS Group Research's Philip Wee says rising oil prices are adding to the country's stagflation risks.
The Philippine peso weakens to a record intraday low against the dollar. Bangkok Sentral ng Pilipinas' surprise 50bp hike last week has failed to restore investor confidence as resurgent oil prices added to the country's stagflation risks, says DBS Group Research's Philip Wee in a note. The economy…