The peso rebounded after two days of losses, monitoring regional peers as cutting-edge US records signified vulnerable production, prompting speculations that the Fed will postpone any price hike. It additionally obtained a boost from a upward push in the nearby equities marketplace, which posted its biggest gain in 5 months Tuesday.
The local currency closed P48.20 versus the dollar Tuesday, up 32 centavos from yesterday’s P48.52 end.
Tuesday’s close was the strongest end for the peso in two weeks since it settled at P48.18 on October 3.
money every blog 