Rates Outlook: Dollar-peso seen testing PHP 56 level
The tug-of-war on tariffs and importer demand swayed the dollar-peso last week. This week, investors will keep an eye on Philippine inflation and US jobs data
June 3, 2025 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 a temporary tariff delay and a US court ruling to block the sweeping measures contributed to the dollar rally last week. Traders will be closely watching the Philippine inflation print on June 5 and US jobs data on June 6, with the exchange rate expected to hover near the upper end of the 55–56 range, potentially testing 56.