The peso will remain under pressure for most of 2018 and will likely end the year at P52.50 versus the dollar, an investment bank and a private university said in a joint report.

“Despite the weakness of the US dollar, its economic strength and country’s bulging trade deficits, the depreciation pressure on the peso should linger for most of 2018. We project the peso to slide to P52.50 by year end,” First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in the latest issue of The Market Call.

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