Peso firms up to 59:$1 as markets cheer Middle East truce

MANILA, Philippines – The Philippine peso strengthened to the 59-per-dollar level on Wednesday, posting its largest gain in nearly a month, as markets welcomed a temporary ceasefire between the United States and Iran. The local currency surged 90 centavos to close at 59.43 against the US dollar, its strongest finish since March 12, when it