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Peru's sol has declined more than 0.5% in 2023 while the Lima stock exchange sits only 0.7% below its level before former president Pedro Castillo's imprisonment on December 7, 2022. Political protests have killed more than 60 people, but financial assets have largely held up.
The country's autonomous central bank is cited as a key support.
Peru's financial resilience limits the spillover of political unrest into FX and bond markets, which matters little for feed commodity prices. The sol's modest weakness is a minor factor for Peruvian feed and fishmeal import costs.
bloomberglinea.comJuan Pablo ÁlvarezFeb 23, 2023Not 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.
