Rates Outlook: Will recent trends continue?

Investors will continue to focus on the US dollar and oil prices, while monitoring US economic data for clues on the policy rate path.
September 22, 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 the US dollar and oil prices will continue to sway the dollar-peso exchange rate this week. Strong US economic data may mean higher-for-longer rates, which may support the dollar, while weaker economic data may give the peso room to recover. Oil prices could also add pressure to the peso.