Peso touches fresh record low after surprise BSP pause

MANILA, Philippines — The Philippine peso slid to a fresh weakest level on Friday after the Bangko Sentral ng Pilipinas (BSP) refrained from tightening policy at an off-cycle meeting. Meanwhile, the US dollar strengthened on rising doubts over prospects for de-escalation of the Middle East war. READ: BSP holds key rate at 4.25% in off-cycle