Peso retreats back to P63:$1; PSEi falls to 5,761.95

GMA Network - Nov 6, 2026

Philippine financial markets ended the trading week on a negative note, with the peso retreating back to the P63:$1 level, and local shares edging lower.

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MANILA, Philippines — Inflation sizzled to its hottest level in more than three years in October, driven by higher transport fares, rising energy costs and more expensive rice. The Philippine Statistics Authority reported on Thursday that the consumer price index rose 7.8 percent from a year earlier. This marked the fastest pace since February 2023,

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