THE Philippine peso recorded its strongest level so far against the US dollar this year as the expected US Federal Reserve interest rate cut helped the local currency to return to P50:$1 on Tuesday.
The peso, which opened at P51.02 against the greenback, gained 20 centavos to close at P50.89, its strongest in more than 18 months, or since its P50.84:$1 finish on January 26, 2018.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.