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Rates & Bonds
Rates Outlook: USD/PHP may remain elevated until Q2 and Q3
The peso may continue to trade range-bound between 58.40 to 58.70 against the dollar. We expect the central bank to intervene heavily when it reaches 59.
June 14, 2024
By Metrobank
By Metrobank
(Editor’s Note: This outlook is subject to updates as needed.)
EA Aguirre, Investment Counselor Department Head, Financial Markets Sector, Metrobank, talks about the movements of the dollar-peso exchange rate in May and what we can expect in the coming months.