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Philippines: Peso strengthens to P50 to a dollar

THE Philippine peso (PHP) had its best day in a week as a result of international and domestic factors, returning to the P50 to a US dollar (USD) region on Wednesday. The local currency appreciated by 34 centavos from the previous day’s close of P51.30 to $51:$1. It hasn’t been this strong since December 28, when it […]

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