The Philippine peso weakens further, crossing 64 pesos per US dollar for the first time, and closes at 64.17 as it extends a record slide. Multiple outlets cite economic uncertainty and external pressures as drivers, with the peso also posting intraday lows around 64.20. Reported figures include a 22-centavo drop on Tuesday and an earlier record low close of 63.95 on Monday.
Outlets also point to a backdrop of policy expectations and global factors. One report links the move to investors bracing for a busy week of major central bank decisions, while others mention concerns about domestic growth and persistent inflation, as well as ongoing geopolitical tensions and oil prices. Rappler adds context from Bangko Sentral ng Pilipinas Governor Eli Remolona Jr., saying the BSP will not defend the peso at a specific exchange-rate level unless depreciation becomes inflationary. In other coverage, the focus remains on the peso’s rate levels, record lows, and trading activity.
