Fitch Solutions sees weaker peso in 2022

FITCH Solutions sees a weaker Philippine peso against the US dollar this year amid the "near-term dovish stance" of the central bank and the "worsening outlook" for the country's current account balance.

"We at Fitch Solutions maintain our bearish stance on the Philippine peso but now expect the unit to trade even weaker as accommodative policy stances and a worsening current account weigh," the Fitch unit said in a commentary on Friday.