UA&P economist Victor Abola expects the peso to weaken further to 66 per dollar next year and argues the Philippines could benefit from the depreciation given its large overseas worker remittances and growing exports. Cash remittances rose 2.2% to $23.4 billion in January to August.
A weaker peso raises the peso cost of dollar-priced feed imports for Philippine buyers, though the economist's view is that remittance and export gains could offset this. The outlook implies continued currency pressure on feed import costs.
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.