By Aaron Michael C. Sy, Reporter
THE PHILIPPINE PESO slid to a record low of P59.44 a dollar at Wednesday’s close, failing to sustain support seen late last year due to renewed demand for the greenback amid heightened geopolitical tensions.
The local currency weakened by 9.9 centavos from Tuesday’s 59.341 finish, according to Bankers Association of the Philippines data posted on its website. The close broke the previous record low of P59.355 on Jan. 7.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
