Economy
Philippine Peso Hits Record Low Below P64 Against Dollar
The Philippine peso hit a fresh all-time low against the US dollar on Tuesday, October 27, breaching the P64 mark for the first time. This marks the 32nd record low this year, raising concerns about inflationary pressures.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Philippine Peso Dives Past P64:$ Level to New Record Low
The Philippine peso hit a new record low, breaching the P64:$1 level during intraday trading on Tuesday. This decline is attributed to surging global crude oil prices and hawkish signals from the US Federal Reserve, which are increasing demand for the US dollar.