The currency strengthened by 14 centavos to P57.97 against the dollar while the benchmark Philippine Stock Exchange index briefly touched the 6,400 level before finally shedding 70.26 points, or 1.07 percent, to end the day at 6,501.34.The broader All Shares index also dropped, by 25.34 points, or 0.72 percent, to 3,484.74.The peso opened at the day's high of P58.07:$1 and traded as low as P57.9 to the greenback. Volume reached P1.
chief economist Michael Ricafort said.Philstocks Financial Inc. Research and Engagement Officer Mikhael Plopenio said that investors 'primarily ... digested the results of the BSP's latest survey which showed that the majority of respondent analysts project policy rates to remain unchanged in Q3 2024.
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