THE PESO ended sharply stronger against the dollar on Wednesday amid news of progress in the latest round of peace talks between the United States and Iran. “The peso closed lower to track the dollar correction overnight following the decline in oil prices and optimism on reopening the Strait of Hormuz,” a trader said by phone. For Thursday, the trader sees the peso moving between P60.60 and P61 per dollar as the market awaits US nonfarm payrolls data and tracks developments in the Middle East. On Wednesday, the dollar traded around six-week lows against other currencies as optimism over a resolution to the war in Iran blunted any safe-haven demand, Reuters reported. The dollar index, which tracks the US currency against six others, was little changed at 99.85 after hitting a six-week low on Monday.