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Peso, stock market up as sentiment improves

The peso edged higher and the stock market also rose on Tuesday with sentiment said to have been boosted by an easing in Middle East tensions.

The currency strengthened by 3 centavos to P57.51 against the dollar while the benchmark Philippine Stock Exchange index (PSEi) added 62.72 points, or 0.97 percent, to close at 6,506.80.