In September, the Philippine Peso was volatile against the US Dollar. Economists at MUFG Bank analyze USD/PHP outlook.
Risks PHP come from oil, rice and the US Dollar
We forecast gradual weakness in PHP against the US Dollar at 57.30 in 3M and 57.50 in 12M.
While we continue to note upside risks on global oil and rice prices, we do see some areas of support for PHP, which is reflected in our forecast for gradual weakness in the FX. First, BSP has intervened more aggressively and turned more hawkish. Second, the current account deficit should narrow slightly. Third, FDI flows should also pick up in 2024. Lastly, we still expect inflation to trend lower.
Risks to our PHP forecasts come from oil, rice and the US Dollar.
USD/PHP – Q4 2023 57.30 Q1 2024 57.50 Q2 2024 57.50 Q3 2024 57.50
作者：FXStreet Insights Team，文章来源FXStreet_id，版权归原作者所有，如有侵权请联系本人删除。
风险提示：以上内容仅代表作者或嘉宾的观点，不代表 FOLLOWME 的任何观点及立场，且不代表 FOLLOWME 同意其说法或描述，也不构成任何投资建议。对于访问者根据 FOLLOWME 社区提供的信息所做出的一切行为，除非另有明确的书面承诺文件，否则本社区不承担任何形式的责任。
FOLLOWME 交易社区网址: www.followme.ceo
加载失败()