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Peso may strengthen further vs dollar before Fed comments, US data
Business World Philippines
|May 26, 2025
THE PESO may strengthen further against the dollar this week ahead of a scheduled speech from the US Federal Reserve chief and key US economic data.
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The local unit closed at P55.25 per dollar on Friday, jumping by 33.5 centavos from its P55.585 finish on Thursday, Bankers Association of the Philippines data showed.
This was the peso's strongest finish in almost 22 months or since its P55.19 close on Aug. 2, 2023.
Week on week, the peso gained by 38.5 centavos from its P55.635-perdollar close on May 16.
The peso's surge on Friday was supported by the latest rate cut signals from the Bangko Sentral ng Pilipinas (BSP), Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.
Bu hikaye Business World Philippines dergisinin May 26, 2025 baskısından alınmıştır.
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