Peso, stock market lifted by slower-than-expected US inflation

By The Manila Times

Nov 16, 2023 12:44 am

THE peso and the stock market both rose on Wednesday following news that US inflation had slowed more than expected in October.

The currency strengthened by 23-and-a-half centavos to P55.825 against the dollar, while the benchmark Philippines Stock Exchange index (PSEi) added 60.25 points, or 0.99 percent, to end the day at 6,171.13.

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