Rates Outlook: July seen to favor the peso
A strong dollar coupled with rosy US inflation data led to a higher dollar-peso exchange rate last week

(Editor’s Note: This outlook is subject to updates.)
Maria Christina “Yna” Virtudazo, Investment Counselor, Financial Markets Sector, Metrobank, recounted the dollar rally at the start of last week and the midweek surprise US inflation data that pushed the dollar-peso higher. Buying on dips is the recommended strategy, with a close eye on seasonal trends.