Rates Outlook: Still under pressure

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

Maria Christina “Yna” Virtudazo, Investment Counselor, Financial Markets Sector, Metrobank, said that importers may soon be forced to chase higher levels of the dollar-peso exchange rate amid views that the central bank may not be eager to defend the peso. Key resistance levels are at 59.25-59.50, while support levels are at 58.75-58.90.