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Macro Finance

Philippine Peso Declines Past 63 Per Dollar for First Time

Bloomberg Markets·October 15, 2026·1 min read

The Philippine peso breached the key psychological level of 63 per dollar for the first time, intensifying pressure on the central bank to defend the currency. The decline reflects broader regional currency weakness and capital outflows. Analysts expect the central bank may intervene or raise rates to stabilize the peso.

Read at Bloomberg Markets
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