HSBC analyst sees BSP maintaining peso value below the 57:1 level
According to a forex analyst from British banking giant HSBC, the Bangko Sentral ng Pilipinas (BSP) will continue to defend the Philippine peso to keep it below the 57 to US$1 exchange rate level. In its most recent currency outlook headlined “PHP: Defense Continues, But With Conditions,” Lenny Jin, a global foreign exchange strategist at […]