# Peso logs 1% weekly gain; stock market ends lower

> The Philippine peso gained 1.1% against the US dollar over the week, despite a small daily decline on Friday. Analysts linked its weekly strength partly to lower global oil prices and seasonal foreign-currency conversions ahead of year-end spending.

- Date: 2026-11-06 · published 2026-11-07T00:15:07.497Z
- Category: macro · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/85091-peso-logs-1-weekly-gain-stock-market-ends-lower
- Commodities: [Philippine Peso (PHP per USD)](https://feedsoft.ai/c/USDPHP.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower oil prices can reduce the Philippines’ import bill and ease pressure on the peso; a stronger peso can lower the local-currency cost of imported fuel and feed inputs.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- USDPHP: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-12-20 | [Oil plunges nearly 5 percent to 17-month low as stock market slumps](https://feedsoft.ai/events/8704-oil-plunges-nearly-5-percent-to-17-month-low-as-stock-market-slumps.md) | -6.7% | +12.5% |
| WTI | 2020-03-20 | [How COVID-19 impacted grain, energy markets this week](https://feedsoft.ai/events/7427-how-covid-19-impacted-grain-energy-markets-this-week.md) | -26.8% | -27.2% |
| WTI | 2020-02-28 | [U.S. oil futures suffer largest weekly percentage loss in over a decade - MarketWatch](https://feedsoft.ai/events/7113-u-s-oil-futures-suffer-largest-weekly-percentage-loss-in-over-a-decade.md) | -2.6% | -61.0% |
| WTI | 2022-08-16 | [Turner's Take Ag Markets \| Rains and Chinese Rate Cut Sends CBOT Lower](https://feedsoft.ai/events/6530-turner-s-take-ag-markets-rains-and-chinese-rate-cut-sends-cbot-lower.md) | +1.2% | -4.0% |
| WTI | 2020-09-04 | [Oil drops nearly 4% to end the week lower, snapping four-week win streak](https://feedsoft.ai/events/7474-oil-drops-nearly-4-to-end-the-week-lower-snapping-four-week-win-streak.md) | -9.8% | -10.7% |
| BRENT | 2018-12-20 | [Oil plunges nearly 5 percent to 17-month low as stock market slumps](https://feedsoft.ai/events/8704-oil-plunges-nearly-5-percent-to-17-month-low-as-stock-market-slumps.md) | -8.1% | +10.6% |
| BRENT | 2021-07-26 | [Ringgit ends lower against US dollar \| Malay Mail](https://feedsoft.ai/events/46327-ringgit-ends-lower-against-us-dollar-malay-mail.md) | +3.4% | -12.3% |
| BRENT | 2020-02-28 | [U.S. oil futures suffer largest weekly percentage loss in over a decade - MarketWatch](https://feedsoft.ai/events/7113-u-s-oil-futures-suffer-largest-weekly-percentage-loss-in-over-a-decade.md) | -3.0% | -52.3% |

## Sources

- manilatimes.net: https://www.manilatimes.net/2026/11/07/business/top-business/peso-logs-1-weekly-gain-stock-market-ends-lower/2464355

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