Peso, stock market up as sentiment improves

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THE peso and stock market closed out the week on a positive note with sentiment said to have been boosted by trade talks progress and expectations of continued interest rate cuts.

The currency strengthened by 11-and-a-half centavos to P55.51 against the dollar while the benchmark Philippine Stock Exchange index (PSEi) added 68.71 points, or 1.08 percent, to end Friday at 6,458.20.

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