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The Peruvian sol closed lower against the dollar on February 20, 2024, at S/3.7840, extending recent gains. Analysts describe the currency as a safe haven in LATAM as dollars become scarce in some markets.
Minister Contreras reiterated the government's expectation of at least 3% GDP growth in 2024.
Sol strength against the dollar makes Peruvian purchases of imported feed ingredients slightly cheaper in local terms. The move is modest and does not change the outlook for fishmeal or other feed supply.
fxleaders.comIgnacio TesonFeb 20, 2024Not enough comparable past events yet for a historical read.
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.
