Loading…
The Philippine peso weakened past P64 per dollar for the first time, hitting a record low of P64.17 against the greenback, 22 centavos weaker than the prior day's close. Chinabank's group chief economist said the pressure is likely to persist, with October and November inflation potentially near 8 percent and third-quarter GDP growth possibly below 3 percent.
A weaker peso raises the local cost of dollar-denominated feed imports such as soybean meal, corn and wheat, pushing up landed costs for Philippine feed millers. Seasonal remittance inflows in November and December may offer some support.
businessmirror.com.phAndrea E. San Juan, Samuel P. MedenillaNov 3, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
