Peso rebounds from record low on hopes for Mideast war deescalation

MANILA, Philippines — The peso rebounded from all-time lows on Wednesday, gaining at the close of a shortened trading week, as the US dollar weakened on hopes of deescalation of the Middle East war. The currency strengthened by 58.8 centavos to settle at 60.16 per dollar, recovering from Tuesday’s record-low close of 60.748. READ: Philippine