Philippine Peso Rebounds as BSP Denies Watching Levels

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By Karl Lester Yap and Manolo Serapio Jr

October 29, 2025 at 6:45 AM UTC

Corrected

October 29, 2025 at 7:39 AM UTC

The Philippine peso rebounded from a record low as market participants assess the central bank’s tolerance for a weaker currency.

The peso advanced as much as 0.8% to 58.65 per dollar on Wednesday, the biggest gain since early August. It earlier fell to an all-time low against the greenback.