It is unknowable whether or not Philippines policymakers buy into the US Fed chief's argument but if so, that would also lend support to the idea that the
Philippine peso may still have some room to strengthen.
AoWe have revised our forecast for the
Philippine peso to average PHP44.
The US dollar has enjoyed a good run compared to its peers, with some currencies, including the Indian rupee and
Philippine peso breaching new lows against the greenback early this year.
MANILA-- The
Philippine peso recovered against the greenback Friday due to consolidation after several days of depreciation.
Manila: Exporters and families of overseas Filipino workers (OFWs) were overjoyed with the strengthening of the US dollar and the consequent weakening of the
Philippine peso, sources said.
AoThe
Philippine peso should stay largely resilient despite USD strength.
The
Philippine peso dropped to the lowest level in a month as comments by Federal Reserve officials fueled speculation the US will pare monetary stimulus.
The
Philippine peso, meanwhile, ended the trading session on the Philippine Dealing System at 43.
27, the
Philippine peso depreciated against the US dollar by 4.
87 percent against the dollar, while the Thai baht, Taiwan dollar and
Philippine peso also weakened.
