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Stock market slips; URC, GT Capital lead decliners
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PHL peso set for more gains in 2021 on falling imports
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Philippine Peso Set for More Gains in 2021 on Falling Imports
Dec 21 2020, 8:47 PM
December 20 2020, 6:52 AM
December 21 2020, 8:47 PM
(Bloomberg) The Philippine peso is seen notching a third year of gains in 2021 as the sluggish economic recovery curbs imports and with remittances expected to rebound.
(Bloomberg) The Philippine peso is seen notching a third year of gains in 2021 as the sluggish economic recovery curbs imports and with remittances expected to rebound.
The peso, which closed at 48.085 per dollar on Friday, will rise to 47.50 by the end of next year, according to a Bloomberg survey. The currency has risen 5.4% this year, the biggest gainer in Southeast Asia.