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Peso Seen Testing New Lows as Mideast Tensions Lift Oil, Fed Hike Looms

Peso Seen Testing New Lows as Mideast Tensions Lift Oil, Fed Hike Looms

The peso may slide to fresh record lows as Middle East conflict pushes global oil prices higher, stoking inflation risks. Expectations of a U.S. Federal Reserve rate hike this week add further pressure on the local currency.

Original headline

Peso may slide to new lows vs dollar as conflict drives up price pressures, rate hike expectations