Peso gains but PSEi dips after Fed decision

By The Manila Times

Jul 28, 2023 12:22 am

THE peso gained versus the dollar, but the stock market inched down in the wake of the US Federal Reserve's (Fed) move to resume hiking interest rates.

The currency strengthened by 6 centavos to P54.56:$1 while the benchmark Philippine Stock Exchange index (PSEi) shed 1.21 points, or 0.02 percent, to end the day at 6,677.92.

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