Peso gains from market optimism on flattening coronavirus cases
The Philippine peso appreciated against the US dollar on Wednesday due to market optimism regarding flattening coronavirus cases in major global hotspots.
The peso closed at P50.585 per dollar, up 9.5 centavos from Tuesday’s close of P50.68 per dollar.
Total confirmed COVID-19 cases in the Philippines reached 3,764 as of April 7, including 84 recoveries and 177 deaths.
There will be no trading on Thursday and Friday due to holidays.
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