According to @business, the Philippine peso fell to a new record low as markets priced in more interest-rate cuts and further stock outflows. According to @business, these drivers are pressuring PHP and pushing USD/PHP to fresh highs, keeping trader focus on the policy-easing outlook and equity flow trends.

According to @KobeissiLetter, Argentina's stock market fell 10% within 24 hours while the Argentine Peso has declined 99% over the past decade (source: @KobeissiLetter). The same source reports an 8% rebound in equities today after a lifeline from the Trump Administration (source: @KobeissiLetter). For trading, this backdrop warrants close monitoring of ARS and the Merval for heightened volatility and tracking BTC/ARS and USDT/ARS liquidity and premiums for stress-driven dislocations that can affect crypto pricing locally (source: @KobeissiLetter).