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Peso may be range-bound as markets eye Fed
Business World Philippines
|August 11, 2025
THE PESO could move sideways against the dollar this week as markets await developments regarding the US Federal Reserve’s leadership amid reports that the Trump administration is now searching for a new central bank chief.
The local unit dropped back to the P57 level on Friday, weakening by 14 centavos to close at P57.11 per dollar from its P56.97 finish on Thursday, which was a two-week high.
Meanwhile, week on week, the peso jumped by P1.035 from its P58.145 close on Aug. 1.
Bu hikaye Business World Philippines dergisinin August 11, 2025 baskısından alınmıştır.
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