Asian currencies weaken on concerns over US rate outlook, China growth

THE Philippine peso fell on Thursday after the country's central bank left its benchmark interest rate unchanged, while other regional currencies also declined on worries over China's slowing economic growth and higher-for-longer rates in the U.S.

The peso declined 0.2% after rising as much as 0.1% earlier, as Bangko Sentral ng Pilipinas (BSP) kept interest rates steady at 6.25% for a third straight meeting.