Philippine peso will likely withstand Trump's tariffs

The Philippine peso is expected to withstand potential headwinds from renewed US tariffs under President Trump, according to MUFG Bank Ltd. MUFG cited the Philippine economy's limited exposure to global trade as a key factor, along with the possibility of a trade deal with the US. The bank forecasts the peso to strengthen modestly against the dollar, despite recent depreciation. MUFG also noted potential risks from Middle East tensions and rising oil prices, which could negatively impact the peso. The bank projects manageable inflation and expects foreign investment to support the currency.