Rates Outlook: Dollar-peso may track weakening US labor market 

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

Earl Andrew “EA” Aguirre, Investment Counselor Department Head, Financial Markets Sector, Metrobank, said developments in Europe spilled over to the US last week, increasing demand for the dollar. Anemic US market data, however, kept the dollar-peso below the 57-figure. This week, he expects the dollar-peso to trade within 56.2 to 57.2.