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The Philippine peso rose 56.5 centavos to close at P62.97 per US dollar on Thursday, November 5, from P63.535 the previous day, according to Bankers Association of the Philippines data. The peso had hit its record low of P64.17 per dollar on October 27.
A firmer peso lowers the local-currency cost of imported feed ingredients such as corn, soybean meal and wheat, easing pressure on Philippine feed millers.
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.