1 of 2
Story summary
- The Philippine peso may strengthen against the U.S. dollar this week, potentially closing near P58.625.
- Softer U.S. inflation data supports a 25-basis-point Federal Reserve cut at the upcoming meeting, with analysts forecasting later cuts in December and early next year.
- The Indian rupee is expected to open higher around 87.78–87.82 per dollar, aided by RBI interventions.
- Asian currencies and equities rose after the U.S. inflation report showed 0.3%.
1 / 2
