Peso rebounds sharply as PSEi holds near 5,600, October 2, 2026

The Philippine peso gained 24 centavos to snap a four-day decline, while local shares edged down slightly to extend its losing streak to a fifth session.

The Philippine peso strengthened by 24 centavos to close at ₱62.535 against the US dollar on Friday, October 2, 2026, snapping its four-session losing streak.

The local currency touched an intraday low of ₱62.825, weakening by 3 centavos compared to Thursday’s intraday trough of ₱62.795, despite the stronger closing rate.

Equities extend decline for fifth straight day

Meanwhile, the Philippine Stock Exchange index (PSEi) edged down by 0.44 points, or 0.01%, to close at 5,629.03, extending its decline for a fifth consecutive session. The index remained near the 5,600 level after falling sharply throughout the week.

Friday’s session brought a mixed end to a volatile trading week across local financial markets. While the PSEi managed to stabilize and flatten out after days of heavy losses, the peso staged a sharp rebound to pull back from near-record lows against the US dollar.

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