THE peso ended a run of declines and returned to the P55:$1 level on Thursday, but the stock market dipped as investors ignored a widelyexpected Monetary Board decision to hold off from raising interest rates further.

The currency strengthened by 33 centavos to close at P55.87 against the dollar, while the benchmark Philippine Stock Exchange index (PSEi) shed 6.47 points, or 0.10 percent, to end the day at 6,628.64.

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