Rates Outlook: Markets to further weigh tariffs and US Fed outlook 

(Editor’s Note: This outlook is subject to updates.)

Earl Andrew “EA” Aguirre, Investment Counselor Department Head, Financial Markets Sector, Metrobank, recounted how the dollar-peso exchange rate fell by 56 centavos week-on-week to 56.821, driven by US stagflation fears and local selling pressure. However, resilient US labor data and Fed hawkishness suggest a likely trading range of 56.5 to 57.5 in the near term.