Peso up at week's end; stock market dips

by Ed Paolo Salting - Eireene Jairee Gomez

Jan 21, 2023 12:22 am

THE peso gained further against the dollar on Friday but the stock market faltered for a mixed close to the trading week.

The currency strengthened by nine centavos to P54.54:$1, a result that Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort noted came ahead of next week's announcement of 2022 gross domestic product (GDP) growth data.

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