PHP Market Update
28 Mar 2026 • 01:14 GMT
The Philippine peso (PHP) remains near 90-day lows against the US dollar (USD), trading at approximately 0.016552, about 2.4% below its 3-month average of 0.016968. Despite recent stability within a narrow 5.1% range from 0.016552 to 0.017389, the peso continues to face pressure, influenced by a firmer USD amid cautious market sentiment.
The US dollar strengthened yesterday as investors sought safety amid fading risk appetite, with expectations of sustained US inflation and uncertain Fed policy adding to dollar support. This upward move in USD has contributed to the peso’s weakness, especially as global concerns around inflation and potential Fed rate pauses persist.
While the PHP has shown relative resilience against some currencies like the CAD and CHF, the ongoing US dollar strength remains a key factor weighing on the peso. Market traders should watch for further USD movements and US economic data releases, as these will influence PHP’s short-term direction.
📊 Quick forecast view
🔴 Mild downside
0.0160 – 0.0170
🌍 Global risk sentiment
🟢 Uptrend
