Philippine peso nears record low as rising oil prices squeeze the currency
The Philippine peso approached a record low as surging oil prices driven by Middle East tensions put renewed pressure on the currency. The Philippines is a net oil importer, making it particularly vulnerable to energy price spikes. The move reflects broader pressure on emerging-market currencies amid the current geopolitical turmoil.
Comments
No comments yet
Comments
No comments yet โ be the first to weigh in ๐
No comments yet. Be the first!