Rates Outlook: Buy on dips
Watch out for upcoming US economic data as the dollar-peso exchange rate may push for fresh highs this week
(Editor’s Note: This outlook is subject to updates.)
Maria Christina “Yna” Virtudazo, Investment Counselor, Financial Markets Sector, Metrobank, said the dollar-peso exchange rate soared to an all-time high last week. This week, we may see another push to breach last week’s level. Buying on dips is advised.