Investor reactions to US, Japan factors could drive currency lower vs dollar

THE decline of the peso against the US dollar, already driven by the strength of the US unit and rising OFW remittances ahead of the holiday season, could accelerate on the impact of “carry trade” on the local market, a risk that has grown with the prospects of higher US interest rates and yen devaluation.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details