MANILA, Philippines — The Philippine peso flirted with a new record low on Wednesday morning as the US dollar rebounded after fresh data showed US inflation had steadied in December. The latest US inflation data reinforced expectations that the Federal Reserve would keep interest rates unchanged despite pressure from the White House. READ: Peso slides to new record low The local currency opened the session at 59.38 against the greenback before posting an intraday low of 59.425 during the morning trade –– testing the record-low finish of 59.355 set last Jan. 7. READ: Rescuing the sinking peso The US consumer price […]... Keep on reading: Peso tests new record low of 59.425 as US dollar rebounds