Peso touches new record low of 63.23:$1 on Fed rate hike bets

Inquirer.net - Oct 17, 2026

MANILA, Philippines — The Philippine peso touched a fresh record low on Friday, extending its slide beyond 63 per dollar as signs of persistent US inflation strengthened expectations that the Federal Reserve (Fed) could raise interest rates again this month. The local currency weakened to an intraday low of 63.23 per dollar, surpassing Thursday’s record

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