USDPHP
USDPHP
Market read
The peso and other Asian emerging-market currencies weakened together as oil surged and bond yields sold off. Higher oil raises import costs for oil-importing economies like the Philippines, adding pressure on the currency.
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FirstSquawk·09/02, 08:56 AM
The Philippine peso fell to an all-time low of 62.571 per US dollar.
FirstSquawk·09/07, 08:10 AM
Low impactThe Philippine peso fell to a record low of 62.719 per US dollar.
Jin10·09/02, 12:22 PM
Low impactThe Philippine peso fell to a record low on Wednesday, leading Asian currency declines, as a global bond selloff and renewed US strikes on Iran pushed oil prices above $95/barrel and hit MSCI emerging market currency and Asian EM stock indices.
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