We estimate 2023 full-year US average headline inflation to slow to 4.3%, from an estimated average of 8.1% in 2022.Īfter four consecutive 75-bp hikes since June, we expect the US Fed to slow their tightening by 50 basis points (bps) to 4. Our base case for the US economy in 2023 is a “bumpy” soft landing, characterized by modestly positive GDP growth (0% to 1%, in line with 2022 levels) and moderating inflation. US dollar exchange rate will reach 55.15 Philippine pesos, the change is predicted to be 0.85. The week will start at 54.69 Philippine pesos for 1 US dollar. In the week of 10 July 2023 US dollar will trade in the range of 54.49 55.17 Philippine pesos. Negative real rates and a still narrow interest rate differential (IRD). USD PHP exchange rate forecast in 1 week. We cite three main reasons why we think the answer is no.ġ. Now, the question is: Will the US dollar continue to weaken in the coming months? The current dip in the dollar-peso exchange rate comes on the heels of a downward momentum in the broad US dollar index, as markets become more optimistic about the US Fed slowing the pace of rate hikes and a possible China reopening next year.Īfter trading at 20-year highs this year, the US dollar has come off its peak. Year-to-date, however, the local currency has weakened by as much as 13.6%. A positive trend is expected with possible volatility of 0.11%.In the past week, the peso strengthened 1.12% versus the US dollar. The weighted average price target for the USD Dollar/Philippine Peso currency pair as of 17-07-2023: 55.34687764596. Pessimistic price target: 55.32031340052 Target rates of the currency pair USD/PHP as of 17-07-2023 A negative trend is expected with possible volatility of 0.08%. The weighted average price target for the USD Dollar/Philippine Peso currency pair as of 16-07-2023: 55.34467912908. Pessimistic price target: 55.36133079412 Target rates of the currency pair USD/PHP as of 16-07-2023 A positive trend is expected with possible volatility of 0.09%. The weighted average price target for the USD Dollar/Philippine Peso currency pair as of 15-07-2023: 55.38853744048. Pessimistic price target: 55.33918191569 Target rates of the currency pair USD/PHP as of 15-07-2023 A negative trend is expected with possible volatility of 0.09%. The weighted average price target for the USD Dollar/Philippine Peso currency pair as of 14-07-2023: 55.3638041256. Pessimistic price target: 55.34610691223 Target rates of the currency pair USD/PHP as of 14-07-2023 The weighted average price target for the USD Dollar/Philippine Peso currency pair as of 13-07-2023: 55.36739486455. Target rates of the currency pair USD/PHP as of 13-07-2023 Exchange rates are determined by macroeconomic factors, international trade agreements, and the supply and demand for foreign exchange. The forecasts are adjusted once a day, considering the change in the previous day's exchange rate. This type of information may also be helpful for people who are planning an international vacation, for example. The purpose of these forecasts is to assist potential investors and entrepreneurs in planning their activities on foreign exchange and predicting possible trends in exchange rates. The results of the predictions for the USD Dollar/Philippine Peso currency pair are presented below in the form of charts, tables, and textual information, divided into time intervals (next month, 2023, 2024, 2025, 2026, 2027, 2028, 20). The algorithm allows us to make a more precise forecast than traditional technical methods used by most analysts. Technical and fundamental analysis, news background, the general geopolitical situation in the world, and other factors are considered. We forecast the dynamics of currency pairs using resonant artificial intelligence systems. Will the USD Dollar rise or fall against the Philippine Peso?
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