Peso again near P56:$1; stock market rebounds

By The Manila Times

Sep 27, 2024 12:23 am

THE peso fell on Thursday but avoided a return to the P56:$1 level while the stock market posted a strong rebound back to 7,400 territory.

The currency weakened by eight-and-a-half centavos to P55.965 against the greenback, a result Rizal Commercial Banking Corp. chief economist Michael Ricafort said was due to the dollar gaining against major global currencies.

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