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Most Latin American currencies edged higher on Wednesday while Peru's sol slipped 0.2%, its third straight decline. Thousands of people began protesting in Lima demanding the resignation of President Dina Boluarte, and security was reinforced in the capital.
Political unrest adds risk premium to Peruvian assets and weighs on the sol, with lower copper prices adding pressure. For feed buyers the direct grain impact is small, though a weaker sol can affect Peruvian fishmeal export pricing.
reuters.comShreyashi SanyalJul 19, 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.
