# Rising sol: Peru's currency at year-high after shaking off protest impact | Reuters

> 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.

- Date: 2023-05-11 · published 2023-05-11T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/36234-rising-sol-peru-s-currency-at-year-high-after-shaking-off-protest-impact-reuters
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

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.

## Read by commodity

- USDPEN: bearish ▼
- FISHMEAL: neutral

## Sources

- reuters.com: https://www.reuters.com/world/americas/rising-sol-perus-currency-year-high-after-shaking-off-protest-impact-2023-05-11/

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