Rates Outlook: Slowdown in ghost month

Market activity may begin to slow this August, but still, traders expect importer demand to re-emerge amid weakness.
August 11, 2026 by Metrobank
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(Editor’s Note: This outlook is subject to updates.)

Janssen Roman, Investment Counselor, Financial Markets Sector, Metrobank, said continued improvement in risk appetite may pressure the dollar-peso exchange rate lower, while renewed geopolitical concerns, higher oil prices, or stronger dollar sentiment could support a move higher this week.