Peso hits P50.88:$1

Oct 31, 2019 2:21 am

THE Philippine peso returned to P50:$1 on Wednesday amid the anticipated cut in the US interest rates and better Philippine economic growth in the third quarter.

The peso, which opened at P51.07 against the greenback, gained 21 centavos to close at P50.88 from P51.09 the previous day.

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