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                    [Title] => Goldman forecasts stronger peso
                    [Summary] => Goldman Sachs Group Inc., one of the world’s biggest investment banking and securities firms, said recent political and macroeconomic developments in the Philippines have left the investment firm "more, not less bullish"on its outlook for the peso, projecting the local currency rising to  48 to a dollar in 12 months. 


The peso will strengthen to 51 against the dollar in three months and 48 in a year, from prior targets of 52.50 and 52 to $1, respectively, Adam Le Mesurier, an economist in Singapore at Goldman  Sachs wrote in a report yesterday. 


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LE MESURIER

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                    [Title] => Goldman forecasts stronger peso
                    [Summary] => Goldman Sachs Group Inc., one of the world’s biggest investment banking and securities firms, said recent political and macroeconomic developments in the Philippines have left the investment firm "more, not less bullish"on its outlook for the peso, projecting the local currency rising to  48 to a dollar in 12 months. 


The peso will strengthen to 51 against the dollar in three months and 48 in a year, from prior targets of 52.50 and 52 to $1, respectively, Adam Le Mesurier, an economist in Singapore at Goldman  Sachs wrote in a report yesterday. 


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abtest

Goldman forecasts stronger peso

March 1, 2006 - 12:00am

Goldman Sachs Group Inc., one of the world’s biggest investment banking and securities firms, said recent political and macroeconomic developments in the Philippines have left the investment firm "more,...

Business