Peso tipped to weaken further, possibly sinking past 62 vs $1

MANILA, Philippines – The Philippine peso is expected to continue to underperform as the Middle East conflict drags on, MUFG Bank Ltd. said, adding that a prolonged war could push inflation to as high as 10 percent and trigger aggressive interest rate hikes from the Bangko Sentral ng Pilipinas (BSP). In a report, MUFG analysts