Peso seen stronger vs. dollar, P56: 1 US dollar

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The story "Peso seen stronger vs. dollar, P56: 1 US dollar" was covered 15 hours ago by Business Mirror, a news publisher based in Philippines.

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Peso seen stronger vs. dollar, P56: 1 US dollar - Business Mirror

Quick Summary:

THE Philippine peso could strengthen further against the dollar given the dovish stance on monetary policy by the Bangko Sentral ng Pilipinas (BSP), according to the Bank of America.

This did not saddle the country’s Balance of Payments (BOP), which remained in surplus on the back of government debt funding flows.

The Philippine peso has been strengthening against the US dollar and is trading at its strongest levels since March 2024.