An Australia-based research body sees a stable Philippine peso for the rest of the year, but warned that the currency may weaken once domestic demand picks up next year.
In a report on Wednesday, ANZ Research projected the local unit to end 2020 at P48.40:$1, stronger than its P50.63:$1 finish in 2019. The peso is currently trading within the $48-to-the-dollar territory.
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