Rates Outlook: Peso strength likely to persist
We have seen the peso surge last week as the dollar-peso pair plunged to a year-to-date low, driven by offshore supply and lack of local demand support
May 28, 2025 by Metrobank
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(Editor’s Note: This outlook is subject to updates.)
Maria Christina “Yna” Virtudazo, Investment Counselor, Financial Markets Sector, Metrobank, recounted how the dollar-peso opened higher at 55.80 on Moody’s US credit rating downgrade but failed to hold gains amid low demand. The pair traded narrowly midweek, supported by importer flows, before collapsing to 55.25 by Friday due to heavy offshore selling and fading local support. The exchange rate is expected to range between 55.10 to 55.50 this week.