Rates Outlook: Dollar recovery and improved risk sentiment
Any news about ending the US government shutdown and the IPO of Maynilad Water Service Inc. will steer dollar-peso direction
(Editor’s Note: This outlook is subject to updates.)
Earl Andrew “EA” Aguirre, Investment Counselor Department Head, Financial Markets Sector, Metrobank, said the trade tensions between the US and China caused a stir last week. A bit of relief followed after US President Donald Trump acknowledged that the tariffs were unsustainable. This week, the market continues to wait for the end of the US government shutdown. Foreign investment flows are also expected ahead of the Maynilad Water Service Inc. IPO.