Philippine peso slips past 60 per dollar: A record low

MANILA, Philippines — On Thursday morning, the peso breaches the 60-per-dollar mark, which is a record low. This as risk aversion tied to the Middle East conflict and a firmer US dollar weighed on the currency. The peso dipped to an intraday low of 60.4, which is its weakest level on record. It earlier opened at at 59.9. READ: Peso almost 60:$1 as PH fuel prices ‘most expensive’ yet The dollar has strengthened amid a flight to safety, gaining further support after the US Federal Reserve on Wednesday held interest rates steady while raising its inflation forecast and warning of an […]... Keep on reading: Philippine peso slips past 60 per dollar: A record low