(Bloomberg) -- The Philippine peso rose as optimism
the economy will sustain its expansion prompted overseas
investors to buy local stocks.
The currency reached a more than six-year high last week as
the benchmark stock index climbed to a record. A report on May
31 will show the economy expanded 5.7 percent in January to
March, the fastest pace in three quarters, according to the
median estimate of 14 economists in a Bloomberg News survey.
Read more at Bloomberg Currencies News
the economy will sustain its expansion prompted overseas
investors to buy local stocks.
The currency reached a more than six-year high last week as
the benchmark stock index climbed to a record. A report on May
31 will show the economy expanded 5.7 percent in January to
March, the fastest pace in three quarters, according to the
median estimate of 14 economists in a Bloomberg News survey.
Read more at Bloomberg Currencies News
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