# USD/PEN threatens the 200-day as investors digest BCRP rate cut — Octa

> 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.

- Date: 2023-09-15 · published 2023-09-15T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/34397-usd-pen-threatens-the-200-day-as-investors-digest-bcrp-rate-cut-octa
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

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.

## Read by commodity

- USDPEN: bullish ▲
- FISHMEAL: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1065652/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.