Peso weakens further as PSEi nears 5,600, September 30, 2026

The Philippine peso lost nearly eight centavos to post its third straight day of losses, while local shares shed nearly 60 points to push closer toward the 5,600 level.

The Philippine peso weakened by nearly 8 centavos to close at ₱62.64 against the US dollar on Wednesday, September 30, 2026, extending its losses for a third consecutive trading session.

The local currency touched an intraday low of ₱62.67, shedding 5 centavos compared to Tuesday’s intraday trough of ₱62.62, as the peso remained held within the ₱62 mark.

Equities drop for a third straight day

Meanwhile, the Philippine Stock Exchange index (PSEi) dropped 58.92 points, or 1.03%, to close at 5,679.48, extending its decline for a third straight session. The index moved closer to the 5,600 level after deepening its stay below the 6,000 threshold.

Wednesday’s session closed out a tough month for local financial markets amid sustained cautious sentiment. The PSEi faced ongoing pressure to push deeper past key support levels, while the peso continued to edge lower to remain under pressure against the US dollar.