Rates Outlook: Dollar remains strong
Amid political tensions and mixed economic signals, the peso continues to face pressure against a stronger dollar.
(Editor’s Note: This outlook is subject to updates.)
Maria Christina “Yna” Virtudazo, Investment Counselor, Financial Markets Sector, Metrobank, says traders anticipate the dollar-peso pair to trade within a range of 58.55 – 58.85, with continued dollar strength and volatile price movements expected in the coming days.