Fears of Drawn-Out Middle East War Sinks Peso to New Record Low

Fears of drawn-out Middle East war sinks peso to new record low

MANILA, Philippines — The Philippine peso started the trading week plummeting past the 60.8 level to a fresh intraday record low, overpowered by a rallying US dollar amid growing investor fears of a drawn-out war in the Middle East. The latest bout of depreciation has fueled concerns that the currency could weaken toward the 61 […]...Keep on reading: Fears of drawn-out Middle East war sinks peso to new record low

Philippine peso hits record low, Indonesian rupiah steadies after support steps

Philippine peso hits 60.776 per dollar South Korean stocks fall over 5% Indonesian rupiah weakens to 16,993 per dollar The Philippine peso hit a record low on Monday and the Indonesian rupiah stopped short of touching a historic trough of 17,000 per dollar as the country’s central bank introduced a new tool for banks to […] The post Philippine peso hits record low, Indonesian rupiah steadies after support steps appeared first on Interaksyon.