Peso surges to one-week high

By Mayvelin U. Caraballo

Sep 03, 2021 1:55 am

The Philippine peso experienced its strongest day in a one-week period after returning to P49:$1 territory on Wednesday.

After opening at P50.04:$1, the local unit climbed 24 centavos to P49.82:$1. It hasn't reached this level since August 31, when it closed at P49.76 to $1.

US dollar bills are being counted at a money changer. The Philippine peso made a comeback at P49:$1 on Wednesday. PHOTO BY RENE H. DILAN

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