Peso Under Pressure: Analysts Warn of Potential Slide to 65 per Dollar

The Philippine peso may weaken to 65 against the US dollar, according to analysts who cite a combination of domestic and global factors. The currency has already faced headwinds from a strong US economy, persistent inflation, and the central bank's cautious monetary policy stance. Experts suggest that without decisive intervention or improved economic fundamentals, the peso could breach the 65:$1 level in the coming months. This would mark a significant depreciation from current levels, impacting import costs and consumer prices. The outlook remains uncertain, hinging on policy responses and external developments.