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MANILA, Philippines – The Philippine peso is likely to remain under pressure in the coming months as renewed tensions between the United States and Iran, a stronger dollar and a seasonal pickup in import demand continue to weigh on the currency, BMI Research said.
In a note to clients, the Fitch Group unit said it expects the peso to trade between 61 and 63 per dollar this year, leaving it among Asia’s weakest-performing currencies as higher oil prices and external risks continue to undermine sentiment.
READ: https://business.inquirer.net/597213/peso-seen-weakening-to-631-by-end-2026
The research firm said rising global energy prices have worsened the Philippines’ external position, while subdued foreign direct investment inflows have provided little support for the currency amid heightened uncertainty.
