Philippine peso surges against dollar on rate cut uncertainty

Typhoon-induced inflation seen pressuring central bank to reconsider easing

20241206N Philippines peso REUTERS

Investors had been selling the Philippine peso in recent months in anticipation of further rate cuts. © Reuters

TAKAHISA TAMURA, Nikkei staff writer

TOKYO -- The Philippine peso on Friday appreciated to its strongest level in one and a half months on speculation that the central bank may pause rate cuts in response to inflation.

The currency touched 57.60 pesos to the dollar that day, bouncing back from a dip that started in September.

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