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Peso sinks near record low on dovish BSP hints
The Philippine peso closed at 58.90 against the US dollar on October 27, 2025, marking its weakest performance in over 10 months, nearing its record low.
This decline is attributed to dovish signals from BSP Monetary Board member Benjamin Diokno regarding potential monetary easing to cushion economic growth.
Diokno cited trade uncertainties and a review of government construction projects as factors that could lead to a mild economic slowdown.
The peso's slide was also influenced by increased dollar demand amid stronger US-China trade deal expectations.
Trading volume for the dollar rose to $1.6 billion on Monday from $1.39 billion on Friday.
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The Philippine peso reached a new all-time low of 59.13 against the US dollar on Tuesday, October 29, 2025.
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The Philippine peso hit a new all-time low, falling to P59.13:$1 on Tuesday, October 28, 2025, driven by concerns over economic growth moderation and ongoing corruption issues in infrastructure projects.
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