Philippine Peso Weakens Past 62 Per Dollar Amid Rising Oil Prices

The Philippine peso dropped below the 62-per-dollar threshold on Friday, driven by elevated global oil prices and prompting speculation that authorities may intervene to stabilize the currency.

28 Aug, 01:48 — 28 Aug, 01:48

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bloombergHigh14h ago

PHP/USD: Philippine Peso Falls Past 62 Per Dollar on Elevated Oil Prices

The Philippine peso weakened past 62 per dollar on Friday, breaching a level some analysts had flagged as potentially prompting authorities to step in to support the currency.

By Prima Wirayani

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Philippine Peso Weakens Past 62 Per Dollar Amid Rising Oil Prices

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PHP/USD: Philippine Peso Falls Past 62 Per Dollar on Elevated Oil Prices

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