Philippine Peso Hits All-Time Low Against US Dollar
Hyperdash NewsFXThe Philippine peso depreciated to a new all-time low of 62.571 per US dollar. This marks a significant move for the currency, which has been under pressure due to various economic factors.
The Bangko Sentral ng Pilipinas (BSP) has stated it will intervene to smooth disorderly market conditions and extreme volatility, especially if it accelerates inflation, but will not defend a specific exchange rate level. 
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