Peso may move sideways vs the dollar - BusinessWorld Online

The Philippine peso is expected to trade sideways against the US dollar this week in anticipation of US Federal Reserve Chair Jerome H. Powell's speech and following the decision by the Bangko Sentral ng Pilipinas (BSP) to keep borrowing costs unchanged.

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9/4/2023

US Dollar in dull trading with US markets closed for bank holiday

The US Dollar is expected to trade sideways at the start of the week, with no major drivers or data points to monitor until markets open on Tuesday. The focus for the week will be on Wednesday's release of the Services PMI survey and several central bank speeches leading up to the next Federal Reserve meeting on September 20. Additionally, the article provides information on central banks and their role in monetary policy and interest rates.