Peso weakens further but PSEi regains ground

By The Manila Times

Aug 25, 2023 12:29 am

THE peso fell for a third straight day against the dollar on Thursday, but the stock market snapped a four-day decline with investor sentiment said to have lifted somewhat.

The currency weakened by 3 centavos to P56.76 versus the greenback, while the benchmark Philippine Stock Exchange index (PSEi) bounced back by 46.15 points, or 0.75 percent, to end the day at 6,225.78.

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