US Federal Reserve (Fed) rate cuts and the Bangko Sentral ng Pilipinas' (BSP) dropping plans for a preemptive easing could lead to the Philippine peso rebounding to P56.60 at the end of this year, a Fitch Group unit said.
"Constant repricing of interest rate expectations in the US has led to much volatility in many emerging market currencies, and the peso is no exception," BMI Country Risk & Industry Research noted in a July 3 report.
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