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Currencies
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Rates Outlook: Global dollar recovery nudges dollar-peso exchange rate up
Geopolitics and US Fed hawkishness drive peso weakness.
October 10, 2024
By Metrobank
By Metrobank
(Editor’s Note: This outlook is subject to updates.)
Maria Christina “Yna” Virtudazo, Investment Counselor, Financial Markets Sector, Metrobank, says volatility will continue to reign in the foreign exchange market and that the dollar-peso exchange rate will likely trade in the 56.60 to 56.90 range.