Peso, stock market rebound

The currency strengthened by 28 centavos to P58.365 against the dollar while the benchmark Philippine Stock Exchange index edged up 12.73 points, or 0.19 percent, to 6,619.09.The broader All Shares index also ended marginally higher by 9.94 points, or 0.28 percent, to 3,597.71.The peso opened at the day's high of P58.58:$1 and traded as low as 58.35. Volume picked up to P1.295 billion from P1.229 billion in the previous session.

'Investors were also awaiting the Federal Reserve's meeting to gauge the future direction of interest rates and to know how dovish the Fed's stance might be,' she added.Regina Capital Development Corp. Managing Director Luis Limlingan, meanwhile, said 'Philippine shares closed modestly higher following consecutive sessions of profit taking to close the month of July.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stronger dollar hits peso; stock market up anewTHE peso fell on Monday as the dollar gained following an assassination attempt against former US president Donald Trump while rate cut hopes again lifted the stock market, which surged to the 6,700 level before it pared down the day's gains.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

Peso, stock market up anew on rate cut hopesTHE peso continued to recover against the dollar on Thursday, and the stock market also rose to the 6,500 level amid renewed rate cut hopes.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

Philippine stocks fall as peso tumbles against the dollarDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »