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Peso Weakest in ASEAN-6 as Oil Surge and Outflows Pressure Philippines

Peso Weakest in ASEAN-6 as Oil Surge and Outflows Pressure Philippines

Investor appetite for Philippine assets has waned while higher oil prices strain the country’s external position, leaving the peso the worst performer among the ASEAN-6. Weak investment flows and costlier energy imports are compounding currency pressures.

Original headline

Peso weakest in ASEAN-6 as oil surge, weak investment flows strain Philippine external position