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The peso gained 56.5 centavos to close at 62.97 per dollar, and Philippine shares also finished higher. The article says the US midterm election result weakened the dollar and lowered oil prices and Treasury yields, improving sentiment in Philippine markets.
Cheaper oil and a stronger peso can reduce the cost of energy imports for the Philippines and ease inflation pressure. The reported crude decline is bearish for oil benchmarks, while the article’s main focus is the local market response.
business.inquirer.netIan Nicolas P. Cigaral, Lisbet K. EsmaelNov 6, 2026After 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.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% 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.
