THE peso recorded its strongest level yet against the US dollar this year as the expected easing of the Bangko Sentral ng Pilipinas’ (BSP) monetary policy and other positive indicators helped the local currency return to P50:$1 on Tuesday.
The currency, which opened at P51 against the greenback, gained 10 centavos to close at P50.90, its strongest in nearly 18 months or since its P50.84:$1 finish on Jan. 26, 2018.
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