# Peso, stocks stage relief rally on US election results

> 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.

- Date: 2026-11-06 · published 2026-11-06T00:12:10.213Z
- Category: macro · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/82770-peso-stocks-stage-relief-rally-on-us-election-results
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-05-23 | [Stocks rally as euro gains on likely rate hikes](https://feedsoft.ai/events/12688-stocks-rally-as-euro-gains-on-likely-rate-hikes.md) | +1.9% | -2.0% |
| WTI | 2021-05-20 | [Stocks struggle as taper talk, crypto crash put markets on edge \| Reuters](https://feedsoft.ai/events/47008-stocks-struggle-as-taper-talk-crypto-crash-put-markets-on-edge-reuters.md) | +4.8% | +12.2% |
| WTI | 2020-10-28 | [Oil Falls As Rise In US Crude Stocks Fans Over-Supply Fears](https://feedsoft.ai/events/50802-oil-falls-as-rise-in-us-crude-stocks-fans-over-supply-fears.md) | -4.8% | +13.6% |
| WTI | 2019-09-18 | [Rand steadies as investors wait on US fed rates, stocks down - Moneyweb](https://feedsoft.ai/events/57365-rand-steadies-as-investors-wait-on-us-fed-rates-stocks-down-moneyweb.md) | -3.4% | -10.9% |
| WTI | 2023-02-16 | [Currencies: Colombian Peso Ends the Week Devalued Amid Expectations of New Reforms - Stocks and Securities \| Investments and Western Union Colombia](https://feedsoft.ai/events/37629-currencies-colombian-peso-ends-the-week-devalued-amid-expectations-of-new.md) | -4.2% | -13.2% |
| BRENT | 2020-10-28 | [Oil Falls As Rise In US Crude Stocks Fans Over-Supply Fears](https://feedsoft.ai/events/50802-oil-falls-as-rise-in-us-crude-stocks-fans-over-supply-fears.md) | -3.8% | +16.8% |
| BRENT | 2019-09-18 | [Rand steadies as investors wait on US fed rates, stocks down - Moneyweb](https://feedsoft.ai/events/57365-rand-steadies-as-investors-wait-on-us-fed-rates-stocks-down-moneyweb.md) | -2.2% | -9.4% |
| BRENT | 2020-12-22 | [Oil's rally, fueled by vaccine progress, is running out of steam \| Reuters](https://feedsoft.ai/events/49816-oil-s-rally-fueled-by-vaccine-progress-is-running-out-of-steam-reuters.md) | +0.0% | +10.1% |

## Sources

- business.inquirer.net: https://business.inquirer.net/619781/peso-stocks-stage-relief-rally-on-us-election-results

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