By Aaron Michael C. Sy, Reporter
THE PESO fell to a new record low against the US dollar on Monday as global oil prices remained volatile amid escalating threats between the US and Iran.
The local unit weakened by 20 centavos to close at P60.30 against the greenback from its P60.10 finish on Thursday — its previous record low and the first time it breached the P60-per-dollar level, data from the Bankers Association of the Philippines showed.
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