Peso crashes further below 63:$1, a new record low

MANILA, Philippines — The Philippine peso sank deeper into record-low territory on Monday, closing further below the 63-per-dollar mark as a stronger US dollar, elevated oil prices and mounting global uncertainties kept pressure on the local currency. Data from the Bankers Association of the Philippines showed the peso closed at 63.09 against the greenback, shedding 10.5