Philippine Central Bank Governor Remolona indicated interventions to maintain the peso’s strength around the 57-per-USD mark to prevent further depreciation. The peso has been one of the poorest-performing Asian currencies this quarter, seeing a decline of nearly 3%. Considering these challenges, the central bank might intensify its efforts to stabilize the currency, reminiscent of last year’s actions when the peso reached a record low of 59 against the USD in September.