Philippine Peso PHP:USD to Rebound From Record Low, Bull Investors Say – Bloomberg
The Philippine peso’s rebound from a record low is set to gain momentum amid expectations of higher remittances and as lower oil prices curb import costs.
The peso is seen rising to 54 against the dollar by end-December, about 2% higher than Friday’s close, according to ING Groep NV, Scotiabank and Malayan Banking Bhd. It fell to a record low in July.
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The Philippine peso’s rebound from a record low is set to gain momentum amid expectations of higher remittances and as lower oil prices curb import costs.
The peso is seen rising to 54 against the dollar by end-December, about 2% higher than Friday’s close, according to ING Groep NV, Scotiabank and Malayan Banking Bhd. It fell to a record low in July.
