Election uncertainty hits Phillippine peso trading

The peso has been trading in a tight range between 55.60 and 56.00 per dollar since the May 10 elections, the results of which are yet to be announced.

"While there is still uncertainty, the markets will remain on a back foot," said Sameer Goel, regional strategist at Bank of America in Singapore. "But if this process were to end without disruption in the next 15 to 20 days, we would see an unwinding of the risk premium that's been incorporated in the peso, and the currency would gain."

Vote

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: