MANILA, Philippines — At the start of a busy trading week, the Philippine peso extended its losses. It edges closer to 64 per dollar on Monday as investors braced for a series of major central bank decisions amid persistent geopolitical tensions and rising oil prices. The currency fell 33.5 centavos to close at a record low of 63.95 against the greenback, surpassing its previous all-time low of 63.615 set on Friday, data from the Bankers Association of the Philippines showed. READ: How will the Middle East conflict affect economies in Asia, the Pacific? Monday’s close marked the fifth consecutive trading day that […]...
Keep on reading: Battered peso nears 64:$1 as it sinks to new low
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Battered peso nears 64:$1 as it sinks to new low
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