Peso at 6&month high before Fed cut

THE PHILIPPINE peso appreciated to a six-month high against the dollar on Monday amid market expectations of a US Federal Reserve rate cut this week. It closed at P55.888 a dollar, 10.7 centavos stronger than its P55.995 finish on Friday, Bankers Association of the Philippines data showed. This was the peso’s strongest close since P55.58 […]

Peso at 6&month high before Fed cut
THE PHILIPPINE peso appreciated to a six-month high against the dollar on Monday amid market expectations of a US Federal Reserve rate cut this week. It closed at P55.888 a dollar, 10.7 centavos stronger than its P55.995 finish on Friday, Bankers Association of the Philippines data showed. This was the peso’s strongest close since P55.58 […]