This time, it has been driven by the president cursing his trading partners and his finance chief accepting the declines. Credit Suisse Group AG and Rabobank Groep predict the currency will weaken past 50 per dollar next year, a level last seen in November 2008. Pioneer Investment Management Ltd doesn’t see the peso as a long-term, strategic investment. The peso has weakened from a seven-month high of 45.85 on June 9, before Duterte started his six-year term. Peso forecastsCredit Suisse predicts the currency will drop to 50.3 by March, while Rabobank expects that level to be reached by June.

Source: The Edge Markets November 01, 2016 16:49 UTC