What the news says
Rising oil prices can worsen the trade balance of the Philippines, an oil-importing nation, thereby putting depreciation pressure on the peso.
07/14, 08:11 AM
The Philippine peso approaches a record low as rising oil prices, driven by Middle East tensions, renew pressure on the currency.
The Philippine peso approaches a record low as rising oil prices, driven by Middle East tensions, renew pressure on the currency.
Affected assets
bloomberg-markets
07/14, 08:11 AM
Related updates
jin10-flash · 06/18, 05:07 PM
Market reactionOCBC strategists say Asian currencies have limited upside against USD due to Fed hawkishness, though lower oil prices ease pressure on oil-importing nations' currencies.