0434 GMT - The Philippine peso has weakened in recent months, and UOB says it could still underperform its regional peers next year, as domestic factors will likely outweigh expectations for broad dollar weakness. The Philippines is facing headwinds such as Bangko Sentral ng Pilipinas' easing cycle, fiscal credibility concerns and deteriorating economic fundamentals, UOB's Global Economics and Markets Research team says in a report. Political uncertainties and tariff headwinds have also been weighing on investment sentiment, consumer confidence and exports. UOB forecasts USD/PHP at 58.2 in 1Q, 57.8 in 2Q, 57.4 in 3Q and 57.0 by 4Q. USD/PHP is up 0.2% at 58.958, LSEG data shows. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
December 04, 2025 23:34 ET (04:34 GMT)
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