Season of Selling to End Philippine Peso Rally, Strategists Say

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.

By Marcus Wong, Benjamin Liu · Bloomberg Markets

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.