Peso breaches 64 to US$1, analysts say it could dip further

The peso dropped in value for the sixth straight day when it dipped to 64.17 to the dollar Tuesday The Philippine peso dipped to a new record low of 64.17 to $1 on Tuesday, before recovering slightly to close at 64.025 to $1 on Wednesday. Tuesday was the sixth consecutive trading day that the peso reached a historic low, and the 33rd time this year that it bottomed out. With the rapid decline of the national currency’s value and no relief in sight in the near term, analysts say the peso could

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