The PESES was very flat against the dollar on Wednesday before the announcement of the US FEDERAL RESERCE’S policy and signs of local cash decreases.
The local unit is closed at P57.30 per dollar on Wednesday, weaken in the Centevo half from P57.295 Finish on Tuesday, the Bankers of the Filipers of the Philippines has indicated.
The PESES opened the session power in P57.25 against the dollar. Their worst show was P57.32, while its intraday was the best P57.17 compared to Greenback.
Dollars are sold and up to $ 1.72 billion on Wednesday from $ 1.11 billion on Tuesday.
“Dolla-Peto closed Tad low, still in a willing sale before the Federal Open Market Committee meeting.
The FED will issue its latest Policy Statement on Wednesday, where the central bank is expected to keep interest rates converted to the second direct meeting, as well as its renewed abandonment of the economic empowerment, Reuters reported.
Markets are currently on about 60 points (BPS) that appears this year, although many American bank officials are quickly warned at economic prices before making any shift.
The market is also launched with new signals about Bangko Serterral Ng Pilipinas’ (BSP) the following travel, Rizal Commerce Banking Corp. Economist Economist Michael L. Ricafut said to Viber.
There are “high probabilities” that BSP will submit an estimate determined at its meeting of April 10, Finance Secretary Ralph G. RECO, who also Best Me Bortv TV on Wednesday.
Mr. Consci- BSP can reduce the cost of Benchmark Benchmark at 50-75 BPS this year, which can be economically viable.
The BSP Ruler Eli M. Remona, JR. Last week and he said a rate cut “on the table” at the financial board review next month.
Mr Justona said the cut-cuts cycle of the Philippine Central Bank remains continuing, signing up to 50 BPs to decrease in the year.
The BSP is unexpectedly incorrectly stimulates the cycle last month, to maintain its policy rate by 5.75% after cutting prices at the three direct meetings last year.
On Thursday, the trader expects PESTO to have a pedes between P57.10 and P57.50 per dollar, and Mr Ricafort sees from P57.20 to P57.40.
PESES may be weak
PESES may violate the weakening of the Dem Development Building Committee (DBCC) in 2025 and 2026 and the Fed expected to conduct its slowly a gradual cycle, the BSP means BSP in the report.
“The rate of exchange is expected to be resolved over the DBCC’s nomination in 2025 and 2026,” Central Bank in the latest policy report.
Money may ‘be influenced by slow speeds of the funding policy in the US FEDERAL RESERE and recent exchange rates, “said BSP.
“Basic predictors include the expectations of a market for 50-BP,” added.
Under the MacCc’s Macroeconomic consideration, PESES is expected to be divided into P56 to P58 to P58 per dollar this year and from P55 to 2026 in 2026 in 2026 in 2026 in 2026 in 2026 in 2026 in 2026 in 2026.
Ingra Bank Region Head of Asia-Pacific Pietali Pietali Bhargava said Peso is seen to be very reduced this year between dollars in safe service.
“We believe that American Dollar is currently ready for negative excepts, and the balance of their risks coming to the coming weeks has headed up,” said a report.
“As we enter the second quarter and tax prices, we keep a dramatic vision of the US dollar, expecting to return to the global work,” he said. “Likewise, in weakness measurements and the rate of real exchange shows the Philippine Peso may have lost American dollar for 2025,” Add.
Money to make a weakness in P58 against Greenback Quarter.
PESTO has been trading in the P57 Revenue since the end of February between the latest Dola slide due to US President Donald J. Trump
“Since October 2024, the perfect balance of the Philippines
“Unlike its ASIA peers, the Philippines did not achieve a higher in classing supply chain and China + 1 Scheme, especially in electronic fields, where Vietnamese is” included. – Aaron Michael C. SY including Luisa Maria Jacinga C. jocson
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