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Philippine Peso Rises Amid Weak US Job Growth

9/8/2025

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Summary

Story summary

The Philippine peso strengthened to P56.915 against the dollar, influenced by soft US labor data and local inflation.
August inflation in the Philippines rose to 1.5%, raising expectations for a rate cut by Bangko Sentral ng Pilipinas.
The US added only 22,000 jobs in August, with the unemployment rate rising to 4.3%.
Markets expect a potential 50 basis point rate cut by the Federal Reserve in September.
The Euro gained against the dollar amid weak US payroll data and diverging monetary policy expectations.

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Story summary

The Philippine peso strengthened to P56.915 against the dollar, influenced by soft US labor data and local inflation.
August inflation in the Philippines rose to 1.5%, raising expectations for a rate cut by Bangko Sentral ng Pilipinas.
The US added only 22,000 jobs in August, with the unemployment rate rising to 4.3%.
Markets expect a potential 50 basis point rate cut by the Federal Reserve in September.
The Euro gained against the dollar amid weak US payroll data and diverging monetary policy expectations.