Peso hits new record low vs $1; 62 in sight

MANILA, Philippines — The peso sank further past the 61-per-dollar mark on Wednesday, hitting a fresh record low as a stronger greenback and persistent safe-haven demand—fueled by the war in the Middle East—kept pressure on emerging-market currencies ahead of the US Federal Reserve’s next policy decision. The currency fell 26.7 centavos to close at 61.567