The Philippine peso slid toward a record low as escalating Middle East tensions pushed oil prices higher, renewing pressure on the currency. The move highlights how higher energy costs and risk-off conditions are weighing on FX in the near term.
The Philippine peso slid toward a record low as escalating Middle East tensions pushed oil prices higher, renewing pressure on the currency. The move highlights how higher energy costs and risk-off conditions are weighing on FX in the near term.
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mildly negative
Sentiment Score
-0.35
