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UK scraps gas standing charges ahead of Healey’s first Budget Philippine peso breaks ₱64 per dollar for the first time SK Hynix tops ₩100 trillion (equi. approx.USD 73.2 bn) quarterly revenue, 80% margin BNP Paribas profit jumps 14% to €3.46B, unveils €1.3B buyback The $72B paper charge behind Anthropic’s headline loss China industrial profits jump 14.4% in September on AI demand South Korea Q3 GDP grows 1.0%, triple the central bank’s forecast Wall Street lines up $63B to fund Broadcom AI chips for Anthropic Brazil’s Ibovespa crashes ~14% after Lula’s surprise runoff win Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike

UK scraps gas standing charges ahead of Healey’s first Budget Philippine peso breaks ₱64 per dollar for the first time SK Hynix tops ₩100 trillion (equi. approx.USD 73.2 bn) quarterly revenue, 80% margin BNP Paribas profit jumps 14% to €3.46B, unveils €1.3B buyback The $72B paper charge behind Anthropic’s headline loss China industrial profits jump 14.4% in September on AI demand South Korea Q3 GDP grows 1.0%, triple the central bank’s forecast Wall Street lines up $63B to fund Broadcom AI chips for Anthropic Brazil’s Ibovespa crashes ~14% after Lula’s surprise runoff win Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike

Markets

Philippine peso breaks ₱64 per dollar for the first time

The peso closed at a record low despite a surprise central bank rate hike last week. Interest rates alone are not stopping the slide.

News | 28 October 2026

Philippine peso breaks ₱64 per dollar for the first time

The Philippine peso has never been this weak.

It closed at ₱64.17 to the dollar on Tuesday, the first close past ₱64.

That was its 38th record low this year and its ninth this month alone.

It went from ₱63 to ₱64 in just 12 days. This happened even after the BSP’s surprise 50bp rate hike on October 22, which shows rate hikes alone aren’t holding the currency up.

The cost is landing on households: imported coal, diesel and LNG all get pricier. One economist warns inflation could approach 8% in the coming months.