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Season of Selling to End Philippine Peso Rally, Strategists Say

Geopolitics & WarCurrency & FX

The Philippine peso’s relief rally tied to the initial US-Iran ceasefire may fade as seasonal selling pressure is expected to push the currency to fresh record lows. Strategists indicate the near-term FX move is more technical/seasonal than fundamentally driven by the ceasefire.

Analysis

The Philippine peso’s relief rally tied to the initial US-Iran ceasefire may fade as seasonal selling pressure is expected to push the currency to fresh record lows. Strategists indicate the near-term FX move is more technical/seasonal than fundamentally driven by the ceasefire.

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