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The Peruvian sol strengthened as the dollar retreated in Peru while markets awaited the Fed's decision. The move was reported in a brief FX flash.
A firmer sol modestly lowers the local cost of Peruvian fishmeal exports priced in dollars, but the effect on global feed prices is limited. Fed-driven dollar moves can weigh on dollar-denominated grain and meal prices.
After 359 past neutral macro events, DXY moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.