Peso seen weakening to 63:$1 by end-2026

MANILA, Philippines – The Philippine peso could weaken to 63-per-dollar by the end of the year as support for the currency diminishes, ANZ Research said. In its Asia Economic Outlook released Thursday, ANZ said optimism over a possible US-Iran deal boosted the peso, but warned the gains would likely be short-lived because of the Philippines’ external deficit. READ: Peso at risk of hitting 64:$1 level–MUFG The bank also cited domestic political uncertainty and a more hawkish US Federal Reserve as weighing on investor confidence and the peso. “Markets are now pricing in possibility of a [Fed] rate hike this year. This […]... Keep on reading: Peso seen weakening to 63:$1 by end-2026