Peso regains ground; PSEi snaps 3-day rally

By The Manila Times

Jul 17, 2024 12:35 am

THE peso regained its footing on Tuesday, but the stock market ended a three-day rally as investors continued to consider the odds of interest rate cuts.

The currency strengthened by 9-and-a-half centavos to P58.385 against the dollar while the benchmark Philippine Stock Exchange index (PSEi) shed 22.28 points, or 0.33 percent, to end the day at 6,667.09.

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