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Business > Top Business
Peso strengthens; PSEi nearly falls below 6,000
By The Manila Times
Sep 20, 2023 12:55 am

THE peso gained against the dollar on Tuesday, but the stock market came close to dropping below 6,000 as investors continued to await Federal Reserve (Fed) and Bangko Sentral ng Pilipinas (BSP) policy decisions.

The currency strengthened by 11 centavos to P56.755:$1, a result Rizal Commercial Banking Corp. chief economist Michael Ricafort came as the greenback weakened due to mostly softer US economic data.

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