Rates Outlook: Peso hits record high as dollar demand persists

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

Maria Christina “Yna” Virtudazo, Investment Counselor, Financial Markets Sector, Metrobank, says that for the week ahead, traders anticipate the USD/PHP will trade within a tight range of 58.70-58.90, with some relief expected from lighter importer demand, though geopolitical risks continue to create market uncertainty.