Rates Outlook: Peso stabilizes amid dollar recovery 

(Editor’s Note: This outlook is subject to updates.)

Maria Christina “Yna” Virtudazo, Investment Counselor, Financial Markets Sector, Metrobank, said Friday saw the dollar-peso exchange rate track the dollar’s global recovery, closing at 57.995, up 5.5 centavos week-on-week. Looking ahead, the peso is expected to trade within 57.80 to 58.10, with a potential gradual climb driven by corporate demand and fixing maturities.