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Latin American currencies edged higher as investors awaited U.S. consumer price data. Peru's sol led the gains, rising 0.9% to its strongest level in over six months after Congress approved a confidence vote supporting the new government.
Protests that have killed around 40 people continue, and prosecutors have opened an inquiry into President Boluarte and her Cabinet.
Political instability in Peru is a risk to its economy and export flows, but the currency move itself has no direct effect on feed grain or protein prices. Buyers can treat this as background.
financialpost.comReutersJan 11, 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.
