Rates Outlook: Continued peso weakness 

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

Maria Christina “Yna” Virtudazo, Investment Counselor, Financial Markets Sector, Metrobank, said the dollar-peso rate climbed steadily throughout last week, driven by geopolitical tensions, strong US economic data, rising oil prices, and persistent corporate demand. The peso may continue to weaken and buying on dips is recommended.