By Aaron Michael C. Sy, Reporter
THE PESO sank to a new record low against the US dollar on Wednesday, extending its decline for a fourth straight trading day as broadening price pressures from the renewed Middle East conflict weighed on the currency and raised the risk of a breach of the P63 level.
The peso weakened by 16.5 centavos to P62.565 against the greenback from its previous record low of P62.40 on Tuesday, Bankers Association of the Philippines data showed.
Year to date, the peso has depreciated by P3.775 or 6.03% from its P58.79 finish on Dec. 29, 2025.
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