Multiple outlets report that the Philippine peso’s recent relief rally is likely to fade. Bloomberg and the Financial Post attribute the move to a short-term boost after an initial US-Iran ceasefire, which has helped ease pressure on the currency. However, strategists quoted across the coverage say the rally is not expected to last because seasonal selling patterns typically weigh on the peso later in the cycle. They anticipate that these flows will push the currency back toward new record lows. The articles frame the current strength as temporary rather than a durable shift in underlying drivers. While the ceasefire-related developments provide a near-term tailwind, the seasonal trend is presented as the dominant factor influencing near-term direction. Overall, both sources converge on the same view: the peso’s gains tied to the ceasefire are expected to reverse as seasonal selling returns, potentially driving fresh lows.
Seasonal selling expected to end Philippine peso relief rally
Multiple outlets report that the Philippine peso’s recent relief rally is likely to fade. Bloomberg and the Financial Post attribute the move to a short-term boost after an initial US-Iran ceasefire,...
- The Philippine peso’s relief rally follows an initial US-Iran ceasefire.
- Strategists say the rally is likely to be short-lived.
- Seasonal selling is expected to drive the peso lower.
- The peso is projected to test or reach new record lows.
- Both sources present seasonal flows as the main near-term factor.
The Philippine peso’s relief rally following the initial US-Iran ceasefire is likely to be short-lived as seasonal selling drives the currency to new record lows, strategists say.
3 hours agoThe Philippine peso’s relief rally following the initial US-Iran ceasefire is likely to be short-lived as seasonal selling drives the currency to new record lows, strategists say.
4 hours ago
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