The local currency ended trading two centavos shy of its lowest-ever record closing at 57 pesos and 16 centavos. The peso fell to 57 and 18 centavos last week.<br /><br />Joining us now for more on the declining peso is OANDA Senior Market Analyst Craig Erlam.<br /><br /><br />Visit our website for more #NewsYouCanTrust: https://www.cnnphilippines.com/<br /><br />Follow our social media pages:<br /><br />• Facebook: https://www.facebook.com/CNNPhilippines<br />• Instagram: https://www.instagram.com/cnnphilippines/<br />• Twitter: https://twitter.com/cnnphilippines
