The Philippine peso has reached a new record low against the US dollar, breaching the 62.8-per-dollar level on Monday.
This marks a fresh low for the currency, surpassing its previous record of 62.775 set on September 7th.
The strengthening greenback is behind this decline, as investors weigh the prospects of interest-rate moves by the US Federal Reserve and Bank of Japan in a pivotal week for global monetary policy.
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