Managing Foreign Exchange Pressures Of course, my speech will not be complete if I do not tell you that for a while, there was FX pressure [on the peso], when people began to taunt us, "Nagse-senior citizen na 'yung peso kasi 60." Although my response is: What is the difference between 60.1 and 59.9? But, I guess, [market] psychology, no?
4/6  BIS - Central bankers' speeches  As you can see, a combination of the things we did, plus the fact that the US is now saying that the jumbo increases are over, has caused the dollar to weaken, which means the peso has appreciated.