Strong dollar pounds PH peso yet again, to new low of 61.75:$1

MANILA, Philippines — The Philippine peso slid to a fresh record low in early Thursday trading as the dollar strengthened following the Federal Reserve’s decision to keep interest rates unchanged. Meanwhile, the persisting conflict in the Middle East continued to fuel demand for safe-haven assets. READ: Uncharted territory: Peso closes at new record low The local currency touched an intraday low of 61.75 per dollar, breaching the previous record of 61.67 set a day earlier. READ: Trump cites progress, but grievances may reignite Middle East wars The greenback gained against major peers after the Fed’s announcement. Investor anxiety persisted as […]... Keep on reading: Strong dollar pounds PH peso yet again, to new low of 61.75:$1

Go to News Site