PSEi slips anew as US inflation surges; peso nearly flat
ANOTHER SLIDE. The rise in the US inflation rate last May to its highest since 1981 resulted in another slide for the Philippines' main equities index on Monday (June 13, 2022). The peso finished sideways against the US dollar. (PNA file photo) MANILA - The local bourse finished lower at the start of the week on Monday after another surge in the United States' inflation rate last May, while the peso closed sideways although at the 53-level against the US dollar. The Philippine Stock Exchange index (PSEi) shed 0.97 percent or 63.03 points, to 6,467.01 points. All Shares slipped by 1.05 ...
Source: philippinetimes.com