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The peso fell 6.5 centavos to close at P63.535 per dollar on November 4, ahead of October inflation data due November 5. Dollar trading volume rose to $1.32 billion from $1.04 billion.
Currency weakness ahead of an expected inflation pickup raises stagflation concerns and raises the cost of imported feed inputs for Philippine buyers. A trader also linked the move to uncertainty after the Democratic sweep of US Congress.
Not 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.