Peso hits fourth straight record low

MANILA, Philippines — The Philippine peso fell past the 62.5-per-dollar level to a fresh record low, extending its losing streak amid lingering inflation concerns. The currency weakened 16.5 centavos to close at 62.565 per dollar, according to Bankers Association of the Philippines data. It touched an intraday low of 62.69 before paring losses. READ: Peso