# 'Don't panic': Marcos' calming words get nod from ex-BSP deputy governor as peso rebounds without fresh rate hike

> Former Bangko Sentral ng Pilipinas deputy governor Diwa Guinigundo said President Marcos' 'Don't panic' reassurance may have helped the peso rebound from its October 27 record closing low of 64.17 per dollar to 63.47 on November 3. Guinigundo also cited the Federal Reserve's decision to hold rates, softer oil prices and seasonal FX flows as possible contributors, while cautioning it is too early to call a sustained reversal.

- Date: 2026-11-04 · published 2026-11-04T06:10:30.625Z
- Category: macro · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/79235-don-t-panic-marcos-calming-words-get-nod-from-ex-bsp-deputy-governor-as-peso
- Commodities: [Philippine Peso (PHP per USD)](https://feedsoft.ai/c/USDPHP.md)

## Why it matters

A stronger peso lowers the local-currency cost of imported feed ingredients such as soybean meal and corn for Philippine buyers, though the currency remains near record weakness and could reverse quickly.

## Read by commodity

- USDPHP: bearish ▼

## Sources

- bilyonaryo.com: https://bilyonaryo.com/dont-panic-marcos-calming-words-get-nod-from-ex-bsp-deputy-governor-as-peso-rebounds-without-fresh-rate-hike/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.