Rates Outlook: Rattled by geopolitics
The bullish trend in the dollar-peso exchange rate has fractured. A tactical approach has taken over the market
(Editor’s Note: This outlook is subject to updates.)
Matthew Apostol, Investment Counselor, Financial Markets Sector, Metrobank, said the market will now focus on the US Federal Reserve’s policy rate decision, the Philippines’ trade data release, and the GDP numbers. The currency pair is expected to trade within a range of 58.50 to 59.50 for the week.