Peso touches fresh record low after surprise BSP pause

MANILA, Philippines — The Philippine peso slid to a fresh weakest level on Friday after the Bangko Sentral ng Pilipinas (BSP) refrained from tightening policy at an off-cycle meeting. Meanwhile, the US dollar strengthened on rising doubts over prospects for de-escalation of the Middle East war. READ: BSP holds key rate at 4.25% in off-cycle meet amid Mideast risks The currency weakened to an intraday low of 60.47 per dollar in morning trading, breaching the previous all-time mid-session low of 60.40 set at closing on March 19. The move came after the BSP kept its benchmark rate unchanged at 4.25 […]... Keep on reading: Peso touches fresh record low after surprise BSP pause

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