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Peso rebound seen after BSP policy stance

24 September 2023
in Business
Reading Time: 4 mins read
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Peso rebound seen after BSP policy stance
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THE PESO may rebound against the US dollar this week on hawkish remarks from the Bangko Sentral ng Pilipinas (BSP) chief following the policy hold on Thursday. 

The local unit closed at P56.795 per dollar on Friday, strengthening by six centavos from its P56.855 finish on Thursday, based on Bankers Association of the Philippines data.

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