By Aaron Michael C. Sy, Reporter
THE PESO could breach its record low of P59 this year as Donald J. Trump’s presidency and the Philippine midterm elections may put pressure on the local currency.
“The PHP (Philippine peso) breaching the P59 mark depends on several key factors. Among these are external pressures such as the strength of the USD (US dollar), influenced by the Fed’s monetary policy, and domestic concerns like the trade deficit,” Philippine Institute for Development Studies Senior Research Fellow John Paolo R. Rivera said in a Viber message.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
