THE peso and stock market continued their rebound on Monday amid expectations of a further rate cut by the Bangko Sentral ng Pilipinas (BSP) early next year and as remittances from overseas Filipinos bolstered the peso.
The local currency closed firmer by 36 centavos to P58.45 from P58.81 previously, while the benchmark Philippine Stock Exchange index (PSEi) ended the trading day up 128.53 points, or 2.01 percent, at 6,534.91.
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