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Currencies
Rates Outlook: Will we continue to see the peso strengthen?
The dollar-peso exchange rate is expected to trade between 57 to 58 as the market assesses the US job market data and demand from local importers.
March 11, 2025
By Metrobank
By Metrobank
(Editor’s Note: This outlook is subject to updates.)
Earl Andrew “EA” Aguirre, Investment Counselor Department Head, Financial Markets Sector, Metrobank, said trade war fears and a weak US jobs report led to a 70-centavo decline from the previous week. Looking ahead, the pair is expected to trade within 57 to 58, with 57.50 as the new resistance level. Mid-month importer demand may keep the peso supported at 57.