Rates Outlook: Eyes on US 2Q GDP

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

Earl Andrew “EA” Aguirre, Investment Counselor Department Head, Financial Markets Sector, Metrobank, talks about the developments that led to the knee-jerk appreciation of the US dollar against the peso and other currencies last week. He sees the dollar-peso trading within 56.8 to 57.3 amid the release of the US GDP data and importers rushing to settle obligations head of the fourth quarter.