The Philippine peso fell to a fresh record low on Tuesday, breaching the 61-per-dollar level for the first time as a broadly stronger US dollar weighed on Asian currencies during a packed week of central bank meetings, including a Federal Reserve decision clouded by uncertainty over the Middle East conflict.

The local currency weakened by 59 centavos to close at 61.30 against the greenback, according to data from the Bankers Association of the Philippines, surpassing its previous record low close of 60.748 on March 31.

The peso also ended at its weakest level of the session, edging past its prior all-time intraday low of 60.84 recorded on March 30. Trading volume rose to $1.7 billion from $1.4 billion in the previous session.