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.
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Philippine Peso Weakens to Record Low Before Central Bank Decision
The peso hit a record intraday low against the U.S. dollar, with external balances, softer investment inflows and elevated oil prices cited as pressure points.
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.