Reported 2 days ago
The Philippine peso has fallen to a record low of 59 per dollar as traders respond to dovish signals from the central bank regarding potential interest rate cuts. This decline reflects broader trends of currency weakness in Asia due to a strengthening dollar and heightened economic uncertainties following Donald Trump's recent election win. While the central bank has indicated it will manage volatility, concerns remain about the impact of rate decisions on the peso's stability.
Source: YAHOO