# Peso may stay at P63 after key US data

> The Philippine peso weakened to 63.055 per dollar on Friday after stronger US labor data and renewed risk aversion, although it gained over the week as global oil prices fell. Analysts said the exchange rate could test 63.30 if US data sustains dollar demand, while seasonal remittances may support the peso.

- Date: 2026-11-08 · published 2026-11-08T12:08:42.818Z
- Category: macro · region Philippines · magnitude low
- Page: https://feedsoft.ai/events/87408-peso-may-stay-at-p63-after-key-us-data
- Commodities: [Philippine Peso (PHP per USD)](https://feedsoft.ai/c/USDPHP.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker peso raises the local-currency cost of imported feed ingredients and other commodities priced in dollars. Lower oil prices and remittance inflows could help cushion the currency pressure.

## Read by commodity

- WTI: bearish ▼
- USDPHP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-11-19 | [Canadian dollar falls the most in four months after key US data cancelled \| Reuters](https://feedsoft.ai/events/22180-canadian-dollar-falls-the-most-in-four-months-after-key-us-data-cancelled.md) | -5.1% | -8.5% |
| WTI | 2024-09-06 | [Oil settles down 2%, big weekly drop after US jobs data](https://feedsoft.ai/events/12384-oil-settles-down-2-big-weekly-drop-after-us-jobs-data.md) | -0.3% | +6.2% |
| WTI | 2020-06-12 | [Mexico's peso up strongly after brutal selloff; Brazil's real down \| Financial Post](https://feedsoft.ai/events/52838-mexico-s-peso-up-strongly-after-brutal-selloff-brazil-s-real-down-financial-post.md) | +6.6% | +11.4% |
| WTI | 2023-05-18 | [Oil prices settle down 1%; strong US data boosts dollar \| Reuters](https://feedsoft.ai/events/36137-oil-prices-settle-down-1-strong-us-data-boosts-dollar-reuters.md) | +2.1% | -3.0% |
| WTI | 2016-11-16 | [Euro keeps spiraling down despite downbeat U.S. data](https://feedsoft.ai/events/9132-euro-keeps-spiraling-down-despite-downbeat-u-s-data.md) | +4.8% | +11.3% |

## Sources

- bworldonline.com: https://bworldonline.com/banking-finance/2026/11/08/792112/peso-may-stay-at-p63-after-key-us-data/

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