Peso expected to strengthen

By Mayvelin U. Caraballo

Sep 02, 2021 1:35 am

After ending August at P49.76 to a US dollar, analysts expect the Philippine peso to stay strong this month.

The local currency is likely to strengthen, according to MUFG Bank Ltd. analyst Sophia Ng, because 'economic activity will remain crimped in the near term with the modified enhanced community quarantine in Metro Manila and surrounding provinces extended until 7 September for now due to a surge in Covid- 19 cases.'

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

BSP seen shifting peso-dollar stance

Sweden keeps funding devt of EDSA Busway

Investment approvals surge in Jan-Feb – PEZA

SEC to expand govt securities repo market

El Niño to affect 2025 sugar production – SRA

ERC defers approval of six NGCP projects

Elections shouldn't pollute