Peso tumbles to record low as Middle East tensions boost dollar

MANILA, Philippines — The Philippine peso weakened to its record-low level on Wednesday as a resurgent dollar and renewed Middle East tensions fueled demand for haven assets and weighed on emerging-market currencies. READ: Peso seen weakening to 63:$1 by end-2026 The peso fell by 0.5 centavos to close at 61.75 against the dollar, matching the record-low finish it set on May 18. READ: Peso at risk of hitting 64:$1 level–MUFG The latest decline extended pressure on the currency as investors sought safety amid re-escalating geopolitical risks and a stronger US dollar. /pai INQ...

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