Peso extends decline, hits new record low of 61.75:$1

MANILA, Philippines — The Philippine peso slid to a new record low against the dollar on the first trading day of the week, as rising US Treasury yields amid mounting expectations of interest-rate increases from global central banks drive the greenback’s strength. The local currency fell 2.9 centavos to close at 61.75 per dollar, matching the […]... Keep on reading: Peso extends decline, hits new record low of 61.75:$1

Original source: Philippine Daily Inquirer