THE peso fell back to the P56:$1 level on Friday, but the stock market finally closed above 7,000 following the release of latest US inflation data.
The currency weakened by 22-and-a-half centavos to end the day at P56.2 against the greenback while the benchmark Philippine Stock Exchange index (PSEi) added 79.79 points, or 1.15 percent, to 7,024.67 — the highest since Feb. 3, 2023's 7,027.38.
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