# Philippine Peso Rebounds 70 Centavos From Record Low After Marcos' 'Don't Panic' Assurance — But Can the Recovery Last Without Another BSP Rate Hike?

> The Philippine peso recovered 70 centavos from its record closing low after President Marcos urged calm and assured markets the government could defend the currency. The peso closed at ₱63.47 per dollar on November 3, versus a record low of ₱64.17 on October 27. A former central bank official warned the rebound may be temporary unless inflation, oil imports, trade deficits and investor confidence are addressed.

- Date: 2026-11-04 · published 2026-11-04T18:11:13.346Z
- Category: macro · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/80121-philippine-peso-rebounds-70-centavos-from-record-low-after-marcos-don-t-panic
- Commodities: [Philippine Peso (PHP per USD)](https://feedsoft.ai/c/USDPHP.md)

## Why it matters

A weaker peso raises the local cost of imported feed ingredients and fuel, squeezing Philippine feed millers and livestock producers. Sustained currency pressure would keep import costs elevated even if global grain prices ease.

## Read by commodity

- USDPHP: bearish ▼

## Sources

- wwconemedia.com: https://wwconemedia.com/philippine-peso-rebounds-70-centavos-from-record-low-after-marcos-dont-panic-assurance-but-can-the-recovery-last-without-another-bsp-rate-hike/

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