THE Philippine peso is expected to weaken in the coming months despite government officials’ bullishness on the performance of the currency this year. Advisory firm Oxford Economics Group Ltd. expects the peso to average P56.3 to the dollar in the next three months and further depreciate to P57 to the…
Peso closes at $1=P55.62 - Daily Tribune tribune.net.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.net.ph Daily Mail and Mail on Sunday newspapers.
The BSP hoped this would provide some wiggle room for banking clients, as the local unit’s weakness in 2022 pulled back some of the domestic economy’s gains.
Peso climbs as BSP announces expansion of hedging facility bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
The Bangko Sentral ng Pilipinas has implemented further enhancements to its hedging facility to counter the decline of the peso, which has returned to a rate of 56 to $1 due to apprehensions about additional US Federal Reserve rate hikes.