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USD/PEN rose 0.30% on Friday and was rejected by its 200-day moving average near 3.7220, settling at 3.7108. The Peruvian central bank cut its policy rate 25 basis points to 7.5% on Thursday, as expected.
A weaker Peruvian sol and rate cuts shift fishmeal economics in Peru, the largest fishmeal exporter, and can affect fishmeal pricing and feed costs for buyers.
octaafrica.netSep 15, 2023Not enough comparable past events yet for a historical read.
Not 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.
