(Bloomberg) -- The Philippine peso appreciated the
most since March 2003 after President Gloria Arroyo said the
currency's strength is helping keep inflation low.
The peso gained beyond 46 to the dollar for the first time
since September 2000 as the benchmark stock index climbed to a
record. Central bank Governor Amando Tetangco said yesterday that
a strong peso helps achieve price stability.
Read more at Bloomberg Currencies News
most since March 2003 after President Gloria Arroyo said the
currency's strength is helping keep inflation low.
The peso gained beyond 46 to the dollar for the first time
since September 2000 as the benchmark stock index climbed to a
record. Central bank Governor Amando Tetangco said yesterday that
a strong peso helps achieve price stability.
Read more at Bloomberg Currencies News
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