EL7.AI
ForexMedium•11 November 2026•
1 min read

Philippine Peso Slumps to P63.25 Against Dollar Following Hot US Inflation

Key Facts

1The Philippine peso slumped by 34 centavos to close at P63.25 against the US dollar on Wednesday.
2The local unit hit an intraday low of P63.295 following faster-than-expected US consumer inflation data.

The Philippine peso slumped by 34 centavos to close at P63.25 against the US dollar on Wednesday, November 11, 2026. BusinessWorld Online reported that the local unit hit an intraday low of P63.295 following faster-than-expected US consumer inflation data.

Data released on November 10, 2026, showed the US Consumer Price Index reached 337.511, exceeding the 337.02 forecast and strengthening the dollar against emerging market currencies. The US core inflation rate for the same period was recorded at 0.3% monthly, reviving bets on further Federal Reserve rate hikes, while Philippine annual GDP growth was reported at 2.1% on November 9, 2026.

Market participants are looking ahead to the US Initial Jobless Claims scheduled for release on November 12, 2026, for further labor market insights. Speeches from Federal Reserve officials, including Hammack and Barr, are also slated for the same day.