THE Philippine peso weakened to an all-time low of P59.17 against the US dollar on Wednesday, weighed down by local governance issues and strong global demand for the greenback. The peso lost 18.5 ...

The peso’s movement against the US dollar is quite a complex narrative, and not just a simple strong-versus-weak story.

The Philippine peso slid past a long-defended red line for the currency to an all-time low, as the central bank signaled more tolerance for weakness.

The recent weakening of both the US dollar (USD) and the Philippine peso (PHP) signals more than a short-term market swing. It reflects a deeper global transformation—a shift from US-centric, ...

U.S. stock futures were mixed. The dollar dropped after the Federal Reserve’s Beige Book economic report confirmed expectations of further interest-rate cuts as the U.S. economy’s momentum slows.