Peso sinks beyond 63.4:$1

MANILA, Philippines — The Philippine peso sank past 63.4 per dollar to hit a fresh record low on Thursday, as investors braced for the Bangko Sentral ng Pilipinas’ (BSP) next policy move amid persistently high inflation. The local currency opened at 63.31 against the greenback before sliding to an intraday low of 63.47 during morning trading,