Peso Slides to Historic Low as Global Pressures Test Philippine Economy Manila — The Philippine peso has slipped to its weakest level on record against the United States dollar, trading this week near ₱59.6 to $1, a milestone that underscores the mounting pressure on emerging-market currencies amid a prolonged period of global financial tightening. The decline marks a historic low for the peso in the modern floating exchange-rate era, surpassing previous records set in late 2025. While the movem
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