Peso surges vs dollar ahead of US inflation data
THE PESO returned to the P55-per-dollar mark anew on Wednesday on expectations of slower US consumer inflation in August, which would give the US Federal Reserve confidence to proceed with its planned rate cut this month. The local unit closed at P55.975 per dollar on Wednesday, strengthening by 41 centavos from its P56.385 finish on […]
T. Kauer 
THE PESO returned to the P55-per-dollar mark anew on Wednesday on expectations of slower US consumer inflation in August, which would give the US Federal Reserve confidence to proceed with its planned rate cut this month. The local unit closed at P55.975 per dollar on Wednesday, strengthening by 41 centavos from its P56.385 finish on […]
