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Peso to remain under pressure as growth slows
Business World Philippines
|November 10, 2025
THE PESO could stay under pressure against the dollar this week as the market continues to react to data showing a sharp slowdown in Philippine economic growth last quarter.
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On Friday, the local unit closed at P59.04 versus the greenback, weakening by 10 centavos from its P58.94 finish on Thursday, Bankers Association of the Philippines data showed.
Week on week, the peso sank by 19 centavos from its P58.85 close on Oct. 30.
The local unit returned to the P59 level after the release of a report showing a weaker-than-expected third-quarter gross domestic product (GDP) growth print, Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said in a Viber message.
“The peso weakened on expectations of softer third quarter GDP and lingering fallout from the flood control scandal. Add a strong dollar and hawkish Federal Reserve signals, and you've got pressure from both ends,” Jonathan L. Ravelas, senior adviser at Reyes Tacandong & Co., said in a Viber message.
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