Financial markets are fickle animals. They can turn anytime. Plus, there are too many things that affect them, not just in our country but movements of other markets. So, whenever I hear forecasts especially on the peso-dollar exchange rate, I listen to them but with more than just a grain of salt.
But I’m addicted to asking my sources for their forecast. Picture me with my clunky recorder (I still use that kind, not the minuscule ones newbies carry nowadays), lunging after a financial market expert attending a conference, tugging at his sleeves, stepping on his toes – whatever I can do to catch his attention because I’m not even five feet tall – and asking, “Sir, sir, what’s your forecast on the peso?” with my notepad and big fat ballpen already in front of me. Sigh. Journalists are mixed up persons!
The truth is, I have been trying to get my sources to give me their projections for the peso-dollar exchange rate. So far, the most remarkable forecast is P44 to the dollar. Did that shock you?
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