US interest-rate increases will continue to put pressure on the peso, Singapore-based bank DBS said as it sees new lows for the local currency next year.
In its monthly “Economic & Strategy Research” report released over the weekend, DBS claimed that the dollar’s uptrend would extend into the middle of 2019, as the US Federal Reserve (Fed) is expected to keep increasing rates every quarter to 2.50 percent by end-2018 and 3.50 percent by end-2019.
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