The exit of speculative funds from the Philippines could reverse the peso’s gains versus the dollar, an analyst said.

“Continued moves in this direction could weaken the local currency going forward, which while a boon to exporters, may be detrimental to inward movement of capital goods needed to support the aggressive infrastructure push of the administration as it enters the final three years of its term,” Philstocks.ph senior research analyst Justino Calaycay Jr. warned.