Philippine peso sinks to new record low
MANILA, Sept. 27 (Xinhua) -- The Philippine peso slid to a new record low against the U.S. dollar for the fifth straight trading day, closing at 58.99 pesos on Tuesday, according to data from the Bankers Association of the Philippines.
The new record breached the 58.50 pesos recorded on Sept. 23. Trading was suspended on Monday due to the powerful typhoon.
The peso has depreciated by over 15 percent to th