- USD/PHP rises 0.1% to 57.32
- Central bank said Friday dollar purchases believed to be “speculative,” or those without underlying client transactions, were observed to have increased and were adding pressure on the peso
- Policies including FX position limits and risk weights for non-deliverable forwards are in place to contain risk-taking behavior, BSP said in an emailed response to questions sent Oct. 17
- The Philippines’ balance of payments swung to a surplus of $711m in October from a $2.339b deficit in September, BSP reported Friday