(Bloomberg) -- The Philippine peso extended a rally
to the strongest since September 2000 on optimism the pace of
economic growth will attract international investors. Bonds fell.
The currency climbed 1 percent, the biggest fluctuation of
any currency today, as the benchmark Philippine stock index
advanced to a second straight record. The gains came after the
government last week said the expansion in gross domestic product
quickened in the first three months of the year, fueled by
consumer spending and exports.
Read more at Bloomberg Currencies News
to the strongest since September 2000 on optimism the pace of
economic growth will attract international investors. Bonds fell.
The currency climbed 1 percent, the biggest fluctuation of
any currency today, as the benchmark Philippine stock index
advanced to a second straight record. The gains came after the
government last week said the expansion in gross domestic product
quickened in the first three months of the year, fueled by
consumer spending and exports.
Read more at Bloomberg Currencies News
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