Peso extends climb on bets of big Fed cut

THE PESO strengthened to a fresh six-month high against the dollar on Tuesday amid growing bets of a 50-basis-point (bp) rate cut by the US Federal Reserve this week. The local unit closed at P55.695 per dollar on Tuesday, appreciating by 19.3 centavos from its P55.888 finish on Monday, Bankers Association of the Philippines data […]

Peso extends climb on bets of big Fed cut
THE PESO strengthened to a fresh six-month high against the dollar on Tuesday amid growing bets of a 50-basis-point (bp) rate cut by the US Federal Reserve this week. The local unit closed at P55.695 per dollar on Tuesday, appreciating by 19.3 centavos from its P55.888 finish on Monday, Bankers Association of the Philippines data […]