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flag Philippine peso rebounds from record low amid global market optimism and lower oil prices.

flag The Philippine peso strengthened to 58.896 per US dollar on Tuesday, rebounding from a record low of 59.50, as global markets reacted to U.S. President Donald J. Trump’s remarks suggesting a potential de-escalation in Middle East tensions. flag The currency gained 60.4 centavos, supported by lower oil prices and reduced dollar demand, while the PSEi rose 2.01% to 6,126.66, led by mining and services stocks. flag Analysts attributed the rally to improved risk sentiment, though caution remains amid ongoing geopolitical uncertainty. flag The Bangko Sentral ng Pilipinas said it stands ready to intervene if needed, as a weak peso could worsen inflation and debt costs.

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