Philippine Peso Set for Best Start in 14 Years on Stock Inflows, Weak Dollar

The Philippine peso is set for its best start to the year since 2012, as foreign inflows into the stock market and a weak US dollar bolster the currency.

The currency is up almost 2% this year, the most since early 2012, as the currency’s rebound from a record low in January gathers pace. Investors poured money into the local stock market for two straight months, after eight years of net outflows.