PH peso to remain strong after Fed holds rates

MANILA, Philippines — After the US Federal Reserve decided not to raise interest rates, the Philippine peso recorded gains against the dollar on Friday, September 19, and is expected to remain strong and to weather concerns over sluggish global growth.

The Philippine peso rose two-and-a-half centavos to close at P46.415 per dollar from its P46.44 finish versus the greenback in the previous session.