Peso finishes at new record-low of 61.847:$1

MANILA, Philippines — The Philippine peso extended its decline on Friday to a record low as a stronger US dollar, surging oil prices and renewed global trade tensions drove investors toward safer assets. The currency closed at 61.847 per dollar, weakening 9.7 centavos from its previous record-low finish of 61.75. It touched an intraday low of 61.85 before recovering slightly. READ: Jordan caught in widening US-Iran conflict Trading volume eased to $969.38 million from $1.5 billion in the previous session, reflecting thinner market activity. “The US dollar-peso closed weaker at 61.845 after the dollar appreciated on rising crude oil prices as […]...

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