Peso hits 3-month high; PSEi back at 6,400 level

By The Manila Times

Jul 13, 2023 12:30 am

THE peso rose to a three-month high on Wednesday while the stock market returned to 6,400 territory as investors bet on a slowdown in US inflation, data for which was to be released later in the day.

The currency strengthened by 32 centavos to P54.93 against the dollar, a level last reached on April 11. It opened at P55.18:$1 and ranged from P54.93 to P55.18. Volume reached P1.362 billion, higher than the P1.262 billion recorded in the previous session.

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