File photo A peso depreciation to record-low 59:$1 “looks likely” as the currency continued to be overpowered by a rallying dollar, although a deeper fall beyond that level is unlikely as the Bangko Sentral ng Pilipinas (BSP) stands read

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Uncertainties over the US presidential elections would unlikely sink the peso to the record-low 59 level, regardless of the winner of the tight race to the White House, analysts said, although the local currency is still bound to feel some weakness

The Philippine peso emerged from a two-day trading halt sinking past the 58 level on Friday amid a dollar rally fueled by expectations of slower rate cuts by the US Federal Reserveholyspin, while investors positioned ahead of the US presidential ele

STOCK PHOTO The peso again retreated to the 57-level against the US dollar on Wednesday to post its worst finish in nearly two months, as decreasing odds of aggressive rate cuts by the US Federal Reserve (Fed) and escalating Middle East conflict pro

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