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The Philippine peso gained 56.5 centavos to close at P62.97 per dollar on November 5 amid optimism that the US-Iran war would end soon after Democrats won control of both chambers of Congress in the midterm elections. Analysts said lower oil prices and Treasury yields were driving the move.
Expectations of an end to the Iran conflict and lower oil prices reduce freight and energy costs for feed importers, while a firmer peso eases the cost of dollar-priced feed ingredients in the Philippines.
gmanetwork.comTED CORDERO, GMA NewsNov 5, 2026Not enough comparable past events yet for a historical read.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
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.
