Peso sinks to 60.55:$1 as war fears linger

MANILA, Philippines — The Philippine peso slid to a fresh record low at the end of a volatile week as fading hopes for de-escalation if the Iran war drove investors toward the US dollar. READ: Iran responded to US plan via intermediaries — news agency The local currency lost 32 centavos against the green back to close at 60.55 per dollar on Friday, its weakest level on record. READ: Peso touches fresh record low after surprise BSP pause The American currency hovered near multi-month highs on Friday as demand for safe-haven assets strengthened amid an intensifying conflict in the region. […]... Keep on reading: Peso sinks to 60.55:$1 as war fears linger

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