Speaking in an interview with Bloomberg, Philippine central bank Governor Eli Remolona isn’t ruling out the possibility of the peso hitting a fresh record low of 60 to a dollar, but monetary authorities will ensure that a fall to such a level won’t be abrupt. Selected highlights below (via BBG):

• “It could,” Remolona said late Wednesday when asked about the prospects of the local currency hitting 60 per dollar. “But we want it to be orderly and not sudden. We don’t want a one-sided market.”
• The exchange rate hitting a round number has a “psychological effect” and could spur a continuous move
• Remolona said he’s comfortable with the peso’s current level, adding the Bangko Sentral ng Pilipinas has intervened in the foreign-exchange market in “small amounts” recently.