Peso hits record low on political risks, strong dollar

MANILA, Philippines – The peso sank to a fresh record low on Thursday’s close, as political uncertainty compounded market jitters driven by fears of a prolonged Middle East conflict. The local currency weakened by 26 centavos to close at P61.64 per dollar, according to data from the Bankers Association of the Philippines. This surpasses its previous all-time closing low of 61.567 set on April 29, 2026. Traders said the peso is being pressured by a broadly stronger US dollar alongside lingering domestic political developments, adding to headwinds for the currency. /pai... Keep on reading: Peso hits record low on political risks, strong dollar

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