# Peso returns to P62 level on broad dollar weakness following US election results

> The Philippine peso surged 56.5 centavos to close at P62.97 per dollar on November 5, its best close in three weeks, as the greenback slid after US midterm results and lower oil prices. Philippine headline inflation accelerated to 7.8% in October, the fastest in nearly four years, but the currency still strengthened.

- Date: 2026-11-05 · published 2026-11-05T12:10:21.404Z
- Category: macro · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/81661-peso-returns-to-p62-level-on-broad-dollar-weakness-following-us-election-results
- Commodities: [Philippine Peso (PHP per USD)](https://feedsoft.ai/c/USDPHP.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger peso lowers the local cost of imported feed ingredients such as soymeal and corn for Philippine buyers. Weaker dollar and lower oil prices also reduce import costs, though persistent inflation could keep local feed demand under pressure.

## Read by commodity

- DXY: bearish ▼
- USDPHP: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-09-26 | [US dollar weakness providing relief \| ECONOMETER](https://feedsoft.ai/events/63244-us-dollar-weakness-providing-relief-econometer.md) | +0.2% | +1.5% |
| DXY | 2020-11-20 | [ING Predictions: "We're Forecasting Broad-Based Dollar Weakness, By 5-10% Vs Most Currencies](https://feedsoft.ai/events/50332-ing-predictions-and-quot-we-re-forecasting-broad-based-dollar-weakness-by-5-10.md) | -0.4% | -1.5% |
| DXY | 2020-12-11 | [USD: FOMC action to keep dollar on weaker footing – MUFG — Octa](https://feedsoft.ai/events/49846-usd-fomc-action-to-keep-dollar-on-weaker-footing-mufg-octa.md) | -0.7% | -0.4% |
| DXY | 2025-11-27 | [Mexican Peso Strengthens on Persistent Dollar Weakness - Forex News by FX Leaders](https://feedsoft.ai/events/22164-mexican-peso-strengthens-on-persistent-dollar-weakness-forex-news-by-fx-leaders.md) | -0.5% | -1.5% |
| DXY | 2024-06-03 | [US dollar sinks to three-week low on signs of slowing economy](https://feedsoft.ai/events/29966-us-dollar-sinks-to-three-week-low-on-signs-of-slowing-economy.md) | +1.2% | +1.9% |

## Sources

- bworldonline.com: https://bworldonline.com/banking-finance/2026/11/05/791788/peso-returns-to-p62-level-on-broad-dollar-weakness-following-us-election-results/

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