The Philippine peso fell to a record low against the USD, pressured by rising oil prices, with Brent crude up over 5% in four days; BNY Mellon strategist says the central bank may lean toward raising rates again to defend the peso, while FX reserves have fallen nearly 7% this year to $103 billion.
Jin1008/19, 10:51 AM
- 5%
- 7%
- 61.952
Figures as quoted by Jin10
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FirstSquawk08/19, 10:48 AM
The Philippine peso fell to a record low of 61.952 per U.S. dollar.