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Peso recovers, PSEi climbs back to 6,600

THE peso regained some ground on Tuesday and the stock market rose for a second straight day to return to the 6,600 level.

The currency strengthened by 17 centavos to P56.155 against the dollar while the benchmark Philippine Stock Exchange index (PSEi) added 38.41 points, or 0.58 percent, to end the day at 6,621.88.