Peso, PSEi post rebound

by Ed Paolo Salting - Niña Myka Pauline Arceo

May 17, 2023 12:29 am

The peso and stock market both regained some ground on Tuesday following indications that monetary authorities would hold off from raising interest rates anew on Thursday.

The currency strengthened by 4 centavos to close at P56.03 against the dollar while the benchmark Philippine Stock Exchange Composite Index (PSEi) gained 65.75 points or 1.01 percent to end the day at 6,588.90.

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