Rates Outlook: Taking stock of US jobs report, Venezuela
We see local importers resuming dollar purchases ahead of next week’s mid-month requirements
(Editor’s Note: This outlook is subject to updates.)
Earl Andrew “EA” Aguirre, Investment Counselor Department Head, Financial Markets Sector, Metrobank, said the recent holidays saw the dollar-peso on the higher end of the 58-level. Fresh data from the US and President Donald Trump’s geopolitical moves will also influence the exchange rate this week, while local importers resume normal dollar purchases.