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The Peruvian sol strengthened for a third straight day on Thursday, posting its best showing since May 2022 and trading at 3.665 soles per dollar. The currency has recovered months after the removal of former president Pedro Castillo and the protests that followed, which briefly stifled the economy of the world's second-largest copper producer.
A firmer sol lowers the local cost of Peruvian fishmeal and fish oil exports priced in dollars, which can ease upward pressure on fishmeal prices for feed buyers.
reuters.comMarco AquinoMay 11, 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.
