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The Philippine peso rose to about 63.2 per US dollar on Thursday after October headline inflation accelerated to 7.8% from 7.2%, above forecasts of 7.6%. Core inflation rose to 5.4% from 4.8%, and the peso also gained from a weaker greenback after Democrats won both chambers of Congress.
Higher inflation raises the likelihood of further central bank rate hikes, which supports the peso in the short term. Elevated oil prices still raise the import bill, leaving the currency vulnerable and raising the cost of imported feed ingredients for Philippine buyers.
tradingview.comNov 5, 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.
