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Peso may rise further as gov't shutdown weighs on US dollar
Business World Philippines
|October 06, 2025
THE PESO may rise further against the dollar this week as the US government's operations remain halted, resulting in market uncertainty.
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On Friday, the local unit closed at P57.875 per dollar, jumping by 20.5 centavos from its P58.08 finish on Thursday, data from the Bankers Association of the Philippines showed.
Week on week, the peso also rose by 22.5 centavos from its P58.10 close on Sept. 26.
“The US dollar/peso exchange rate corrected slightly lower for the third straight trading day after the latest US government shutdown starting Oct. 1 led to a net decline in the gauge of the US dollar to among one-week lows,” Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.
“The dollar-peso closed lower, still as the US government shutdown weighed on the dollar,” a trader said by phone on Friday.
For this week, the trader said the market will await developments in the US, with the dollar likely to continue its descent if there is no progress over the weekend.
The trader sees the peso ranging from P57.60 to P58 per dollar this week, while Mr. Ricafort expects it to move between P57.65 and P58.15.
This story is from the October 06, 2025 edition of Business World Philippines.
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