Peso may stay at P56 level as US data dampen hopes of big Fed rate cut
THE PESO may stay at the P56-per-dollar level this week after strong US jobs data tempered market expectations of large rate cuts by the US Federal Reserve. The local unit closed at P56.295 per dollar on Friday, strengthening by 7.5 centavos from its P56.37 finish on Thursday, Bankers Association of the Philippines data showed. However, […]
Tomas Kauer - News Moderator 
THE PESO may stay at the P56-per-dollar level this week after strong US jobs data tempered market expectations of large rate cuts by the US Federal Reserve. The local unit closed at P56.295 per dollar on Friday, strengthening by 7.5 centavos from its P56.37 finish on Thursday, Bankers Association of the Philippines data showed. However, […]
