Peso falls past 62.9-per

Peso falls past 62.9-per

MANILA, Philippines — The Philippine peso dives below 62.9 level for the first time on Tuesday. This happened as the greenback strengthened after benchmark 10-year US Treasury yields climbed to their highest level since October 2023. The currency opened at 62.9 per dollar and weakened to an intraday low of 62.905, surpassing the previous record low of 62.875 reached during Monday’s session, according to Bankers Association of the Philippines data. READ: Battered peso extends losing streak, nears