Macro Finance
PHP/USD: Marcos Pledges to “Do All We Can” to Defend Philippine Peso
Bloomberg Markets·October 28, 2026·1 min read
President Ferdinand Marcos Jr. pledged that Philippine authorities will do all they can to defend the peso as the currency weakened to a record low this week. The commitment signals potential central bank intervention, though specifics on measures were not disclosed. Markets will watch for policy actions to stabilize the currency.
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