Peso breaches 62.7 per dollar as Fed hike bets lift greenback

Inquirer.net 2 h

Philippines

Peso breaches 62.7 per dollar as Fed hike bets lift greenback — Sources: Inquirer.net

MANILA, Philippines — The Philippine peso extended its record-breaking slide on Monday, opening the new trading week at a fresh low as a stronger dollar and rising bets on a US Federal Reserve rate hike weighed on the currency. The peso opened at 62.62 per dollar and weakened to an intraday record of 62.77, extending a

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Peso breaches 62.7 per dollar as Fed hike bets lift greenback

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