MANILA, Philippines – The Philippine peso has weakened to a new record low against the US dollar, with the central bank reportedly intervening to prevent the currency from sliding to the 60-level. The local currency closed at 59.87 per dollar as oil prices continue to surge into the third week of the Middle East conflict. This is down 13.5 centavos from its previous record low of 59.735 against the greenback on March 13. READ: Oil shock, war fears pound Philippine peso It nearly breached the 60-mark after touching an intraday low of 59.95 to the dollar, before the Bangko Sentral […]... Keep on reading: Peso weakens further to 59.87 vs $1