Peso hits new low, retreats to 63-per-dollar

MANILA, Philippines — The Philippine peso sank past the 63-per-dollar mark for the first time on Thursday, even as the US dollar retreated from an 18-month high despite hotter-than-expected US inflation. The local currency fell to an intraday low of 63.06 against the dollar during morning trading, according to data from the Bankers Association of the