# Peso weakens against euro but firms versus dollar in matched ECB reference rates

> Using European Central Bank reference rates for 2 November, the peso weakened about 0.18% against the euro but strengthened about 0.21% against the dollar compared with 30 October. The implied dollar rate is a derived cross calculation rather than an official fixing.

- Date: 2026-11-03 · published 2026-11-03T21:12:10.637Z
- Category: market · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/78434-peso-weakens-against-euro-but-firms-versus-dollar-in-matched-ecb-reference-rates
- Commodities: [Philippine Peso (PHP per USD)](https://feedsoft.ai/c/USDPHP.md), [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Divergent moves against the euro and dollar show that currency choice changes the apparent cost of euro-priced or dollar-priced feed imports. The effect on commodity prices is small.

## Read by commodity

- EURUSD: neutral
- USDPHP: bearish ▼

## Sources

- fxnews.ai: https://fxnews.ai/news/philippine-peso-euro-dollar-ecb-matched-fixings-nov2/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.