‘Modest’ peso recovery to 58:1$ seen in H1 2026

MANILA, Philippines – The peso could return to the 58-per-dollar level in the first half of 2026 as government spending rebounds from a graft probe-driven slump and investor confidence improves, MUFG Global Markets Research said. But any appreciation may be limited by the central bank’s increasingly pro-growth tilt, the Japanese lender added, noting that monetary