ECB's Kocher says price stability is under threat.

The Philippine peso slipped below the key 62-per-USD mark on Friday, tumbling as much as 0.6% to a record low of 62.25 per USD and prompting markets to watch for central bank intervention. Rising oil prices intensified pressure: the Philippines imports nearly all its oil, so higher crude could widen the current-account deficit. Sumitomo Mitsui and China Bank had flagged 1 USD = 62 PHP as a critical level. The Philippine central bank said on Aug 19 it would "intervene to address market disorder and damp extreme volatility, especially where it could add to inflation," but the governor said on Wednesday policymakers would not defend a specific exchange rate and would instead focus on smoothing violent swings. The peso is down more than 5% year-to-date, among the weakest Asian currencies.

海纳国际：将百度(BIDU.O)目标价从140美元下调至105美元。