Philippine Peso Declines to Record Low as Rate Outlook in Focus

By Yahoo! Finance | Nov 21, 2024 at 03:17 AM EST

The Philippine peso hit a record low against the dollar due to the central bank's dovish stance on interest rates. Asian currencies, including the Indian rupee, have weakened amid the dollar's strength and US-China trade tensions. The central bank aims to stabilize the peso amidst market fluctuations.

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