Peso outlook ‘still that of appreciation’

The PESO will likely remain under pressure given global uncertainties, the research arm of Metropolitan Bank and Trust Co. (Metrobank) said, but is expected to strengthen in the long term.

In a report, Metrobank Research said the peso, just like other emerging market currencies, was continuing to experience bouts of depreciation traced to market volatility, movements in major economies’ central bank policy tools, and unstable oil prices.