The Philippine peso closed at ₱61.465 against the US dollar on Monday, May 25, 2026, showing a slight recovery after hitting a record-low closing of ₱61.75 per US dollar.
Analysts said the peso remains affected by global factors such as higher oil prices, rising US Treasury yields, and central bank rhetoric.
The prolonged war in the Middle East has also continued to expose country-specific vulnerabilities across Asia.
“For the week ahead, the peso will likely remain more sensitive to oil prices, US yields and Bangko Sentral ng Pilipinas (BSP) rhetoric than to domestic growth data,” MUFG Global Markets Research said.
“If oil remains elevated and US dollar strength persists, peso-dollar risks staying near the upper end of the recent range, although the BSP’s hawkish pivot should reduce the risk of a disorderly move,” it added.
Written by Saydie Noquera
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