Peso closes week at new record low

MANILA, Philippines – The Philippine peso closed the week at a new record low, pressured by a resurgent US dollar as expectations grew that the Federal Reserve (Fed) could keep interest rates high this year in response to rising inflation. The currency weakened by 8.1 centavos from its previous record to finish at 61.721 to […]... Keep on reading: Peso closes week at new record low

Original source: Philippine Daily Inquirer