Philippine Peso Set for Rebound on BSP Support, Analysts Say

The Philippine peso looks set to rebound in the coming months, with analysts betting that potential central bank intervention and seasonal remittance inflows will prop up one of Asia’s worst-performing currencies.

The currency weakened 3.2% in the September quarter, pressured by foreign stock outflows, deteriorating sentiment amid US tariff measures and domestic corruption allegations. But some analysts say the outlook may be improving.