Rates Outlook: Peso to remain weak
“Buy on dips” is still our advice, as the turmoil in the Middle East keeps currency market players on their toes
(Editor’s Note: This outlook is subject to updates.)
Matthew Apostol, Investment Counselor, Financial Markets Sector, Metrobank, said oil prices and the situation in the Middle East will continue to occupy the mind space of currency market players this week. He said corporate demand has just started to scale in, and importers may be forced to buy at elevated levels after missing their chance last week. Listen to our short podcast to learn more.