# USD/PHP: Deposits offset one-fifth of the Philippines’ reserve-asset decline

> The Philippines’ gross international reserves fell by $2.1438 billion in October to $97.3504 billion. A $567.3 million increase in currency and deposits partly offset declines in securities, gold, and other reserve assets.

- Date: 2026-11-08 · published 2026-11-09T00:12:08.733Z
- Category: macro · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/88268-usd-php-deposits-offset-one-fifth-of-the-philippines-reserve-asset-decline
- Commodities: [Philippine Peso (PHP per USD)](https://feedsoft.ai/c/USDPHP.md)

## Why it matters

A reserve decline can add pressure to the peso, potentially raising the local-currency cost of imported feed and agricultural inputs. The increase in deposits cushioned, but did not reverse, the overall decline.

## Read by commodity

- USDPHP: bullish ▲

## Sources

- fxnews.ai: https://fxnews.ai/news/usd-php-deposits-offset-philippines-reserve-decline-october-2026/

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