Peso hits record-low 59 as Trump 2.0 boosts dollar

The Philippine peso on Thursday sank to record-low 59 against the greenback as Donald Trump’s return as US president continued to embolden the dollar bulls. Surrendering a key resistance, the local currency shed 9 centavos from its previous day’s finish to revisit the level last touched on Oct. 17, 2022—back when a super-hawkish US Federal
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