Foreign inflows to aid peso – MUFG

MANILA, Philippines — Favorable domestic factors, such as easing inflation and a pickup in foreign investment in key infrastructure projects like clean energy, could help steady the peso against persistent market gloom, MUFG Global Markets Research said. In a note to clients, the Japanese bank added that these tailwinds at home may align with supportive global trends, including a weaker dollar as the US Federal Reserve continues to lower interest rates.