THE currency strengthened enough to return to the P57:$1 level on Tuesday, but the stock market fell for a third straight day following reports that interest rate cuts could stay higher for longer.
The currency strengthened by 14 centavos to P57.97 against the dollar while the benchmark Philippine Stock Exchange index (PSEi) briefly touched the 6,400 level before finally shedding 70.26 points, or 1.07 percent, to end the day at 6,501.34.
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