The Philippine peso hits a new intraday low, dragged down by rising oil prices.
智通财经2026/09/02 08:51Show original
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- On Wednesday, the Philippine Peso hit a historic intraday low against the US Dollar. Analysts from Maybank stated that if oil prices remain elevated, the peso will continue to be under pressure. However, the Philippine central bank could potentially curb the peso's depreciation momentum if it intervenes.
- Data shows that the USD/PHP touched a historic intraday high of 62.65, latest at 62.51, with the US Dollar up 0.2%.
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