Peso, stock market snap losing streaks

by Ed Paolo Salting - Niña Myka Pauline Arceo

Apr 15, 2023 12:37 am

THE peso and the stock market ended a run of declines on Friday with investors said to have been cheered by reports that monetary authorities could finally pause from hiking interest rates.

The currency strengthened by 5 centavos to close at P55.21 against the dollar, while the benchmark Philippine Stock Exchange index gained 33.04 points, or 0.51 percent, to end the day at 6,481.91.

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