Peso rises to six&month high after Fed rate cut
THE PESO strengthened to a six-month high against the dollar on Thursday after the US Federal Reserve began its easing cycle with a 50-basis-point (bp) rate cut and signaled more reductions this year. The local unit closed at P55.61 per dollar on Thursday, strengthening by 11 centavos from its P55.72 finish on Wednesday, Bankers Association […]
Tomas Kauer 
THE PESO strengthened to a six-month high against the dollar on Thursday after the US Federal Reserve began its easing cycle with a 50-basis-point (bp) rate cut and signaled more reductions this year. The local unit closed at P55.61 per dollar on Thursday, strengthening by 11 centavos from its P55.72 finish on Wednesday, Bankers Association […]
