Peso falls to P62.59:$1 despite slower inflation

The Manila Times 14 h Philippines

SLOWER inflation helped buoy the stock market but failed to lift the peso, which on Friday closed at a new record low of P62.59 to the dollar. The currency weakened to as low as P62.65 during the session and analysts said it remained vulnerable to external factors including elevated US Treasury yields, a strong dollar, higher commodity prices and geopolitical uncertainty. The benchmark Philippine

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