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PHP/USD: Marcos Confident Central Bank to Act on Weak Peso, Official Says

Currency & FXMonetary PolicyEmerging Markets

The Philippine peso weakened to a record low, prompting President Ferdinand Marcos Jr. to express confidence that the central bank will respond decisively. No specific policy measures or timing were given, so the near-term outlook hinges on upcoming central-bank actions to stabilize FX.

Analysis

The Philippine peso weakened to a record low, prompting President Ferdinand Marcos Jr. to express confidence that the central bank will respond decisively. No specific policy measures or timing were given, so the near-term outlook hinges on upcoming central-bank actions to stabilize FX.

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