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Currencies
Rates Outlook: Still range-bound trading this week
As month-end flows and US tariff threats shaped last week’s forex movements, investors eye crucial US economic data.
December 3, 2024
By Metrobank
By Metrobank
(Editor’s Note: This outlook is subject to updates.)
Maria Christina “Yna” Virtudazo, Investment Counselor, Financial Markets Sector, Metrobank, said market attention is on Wednesday’s Federal Open Market Committee (FOMC) meeting minutes and US GDP data. She said USD/PHP will trade within a tight range of 58.45-58.85.