Remittance news lifts peso; PSEi highest in over two years

By The Manila Times

Sep 17, 2024 12:21 am

THE peso and the stock market started the week strong, buoyed by the latest remittance data and expectations of a US Federal Reserve rate cut.

The currency strengthened by 10 centavos to P55.888 against the dollar while the benchmark Philippine Stock Exchange index (PSEi) added 81.35 points, or 1.16 percent, to end Monday at 7,104.20.

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