Rates Outlook: Hawkish US Fed may keep dollar-peso elevated
Dollar-peso trajectory hinges on hawkish US Fed officials, sticky inflation in the US, and policy moves in developed markets
by Metrobank
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(Editor’s Note: This outlook is subject to updates.)
Earl Andrew “EA” Aguirre, Investment Counselor Department Head, Financial Markets Sector, Metrobank, said that despite the rate cuts from the US Federal Reserve and the Bangko Sentral ng Pilipinas, the dollar-peso exchange rate remains high. Aside from US Fed hawkishness, US jobs data and monetary policy decisions in other developed markets will dictate broader FX movements.