THE PESO may hit a record low of P60 against the US dollar this year amid heightened uncertainty arising from US President Donald J. Trump’s protectionist policies, a Bank of the Philippine Islands (BPI) economist said.
According to BPI Global Markets Research estimates, the peso is expected to weaken to the P60.90-per-dollar level by the third quarter. By end-2025, it expects the peso to settle at P60.40 per dollar.
“It’s a very low confidence forecast. We’re looking at it reaching the P60 level just because Mr. Trump is so unpredictable. It’s so hard to say what he’s going to do next,” BPI Lead Economist Emilio S. Neri, Jr. said at an online media briefing on Wednesday.
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