Peso sets new record low ahead of BSP meet

MANILA, Philippines — The Philippine peso fell deeper into the 63-per-dollar territory on Wednesday, ahead of the Bangko Sentral ng Pilipinas’ (BSP) next rate-setting meeting. The local currency opened at 63.01 against the greenback before posting an intraday low of 63.3 as of 12:34 p.m., data from the Bankers Association of the Philippines showed. READ: Peso