The euro rebounds slightly against the Dominican peso, with volatility exceeding the benchmark; UBS is optimistic about the country's growth prospects for 2026.

智通财经2026/07/28 18:31

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The euro rose about 0.5% against the Dominican peso during the day to 65.92, rebounding from the previous close of 65.58. However, it still declined by around 0.3% over the past week, with a year-on-year drop of 10.6%.
Current exchange rate volatility is around 13.0%, higher than the benchmark volatility of 12.3%, reflecting increased uncertainty in the forex market regarding this currency pair. Short-term trends remain variable.
UBS reports estimate that the Dominican Republic's real GDP growth rate will accelerate to around 4% by 2026, supported by lower interest rates, an improved international environment, and a recovery in the tourism sector. Ongoing political stability and market-friendly policies continue to underpin economic momentum.
On the fiscal front, the government has raised its 2025 fiscal deficit target to 3.5% of GDP, narrowing to 3.2% in 2026, while maintaining a primary surplus of 0.5%. Capital expenditures are increasing to offset moderate growth pressures.
The central bank expects the exchange rate to reach around 66.35 by September 2026 and depreciate further to about 69.15 one year later. Public debt is projected to remain stable at around 58% of GDP over the next 12 to 18 months.
The current account deficit is expected to stay at 2% to 2.5% of GDP, with surpluses in service exports and remittances offsetting trade and income account deficits. Foreign direct investment is estimated at around 3.5% to 4.0% of GDP, sufficient to cover external financing needs.

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The euro rebounds slightly against the Dominican peso, with volatility exceeding the benchmark; UBS is optimistic about the country's growth prospects for 2026.

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