USD/PHP to edge higher towards 52.90 by year-end – ANZ USDPHP Banks Philippines
Economists at ANZ Bank expect the PHP to suffer further losses and forecast the USD/PHP pair at 52.90 by end-2022.“Over 2022, an expanding current account deficit on the back of rising imports will pose a drag on the peso.”
“The Philippines will also hold its presidential elections in May, the period preceding which is typically marked by higher infrastructure-related imports and“Even though several factors will support the peso, the positive effects will likely be offset by the risks stemming from US monetary policy tightening, geopolitical risks, and high import prices.” Information on these pages contains forward-looking statements that involve risks and uncertainties.
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