Rates Outlook: Limited flows amid shortened trading week
Dollar demand, peso bond outflows, and remittances will steer dollar-peso trajectory.
(Editor’s Note: This outlook is subject to updates.)
Maria Christina “Yna” Virtudazo, Investment Counselor, Financial Markets Sector, Metrobank, said the dollar-peso exchange rate may trade within the range of 58.3 to 59. Pressures from the US markets and holiday remittances will come into focus in this shortened trading week.