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Peso jumps on deal hopes

THE PESO rose against the dollar on Monday as signals that the United States and Iran are nearing a deal to reopen the Strait of Hormuz led to lower global oil prices. The currency climbed by 22.5 centavos to close at P61.465 a dollar from P61.69 on Friday, according to Bankers Association of the Philippines […]

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Source: bworldonline.com

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