Peso Rises on US-Iran Deal Hopes - BusinessWorld Online
The local unit gained 24.5 centavos as Brent crude fell more than 2.5% on signs of progress in US-Iran peace talks.
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PSEi climbs back to 6,000, peso appreciates on hopes for US-Iran deal
Local stocks climbed on Thursday as hopes of a possible agreement between the United States and Iran lifted investor sentiment despite weak Philippine economic data. The benchmark Philippine Stock Exchange Index (PSEi) rose 1.12 percent or 67.06 points, to close at 6,034.27, extending its recent gains. READ: Trump says Iran deal very possible but threatens strikes if talks fail Philstocks Financial research manager Japhet Tantiangco said optimis…
Peso rises on US-Iran deal hopes - BusinessWorld Online
THE PESO jumped against the dollar on Wednesday as global crude oil prices dropped after the United States and Iran signaled progress in their ongoing peace talks. The currency rose by 24.5 centavos to close at P61.305 a dollar from its P61.55 finish on Tuesday, according to Bankers Association of the Philippines data posted on its website. The local unit opened the session stronger at P61.35 against the greenback. It reached an intraday high of…
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