Rates Outlook: Will we continue to see the peso strengthen?
The dollar-peso exchange rate is expected to trade between 57 to 58 as the market assesses the US job market data and demand from local importers.
March 11, 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 trade war fears and a weak US jobs report led to a 70-centavo decline from the previous week. Looking ahead, the pair is expected to trade within 57 to 58, with 57.50 as the new resistance level. Mid-month importer demand may keep the peso supported at 57.