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Peru's Economy Minister Alex Contreras said the economy remains strong despite weeks of protests that have left dozens dead after the ouster of former President Pedro Castillo. He forecast growth of up to 3% in the first quarter and said the sol is the most stable currency in the region.
Separately, a Brazilian steel association said a common Brazil-Argentina currency would be impossible without greater stability in Argentina.
Peru's political unrest mainly affects tourism and sentiment rather than agricultural output or trade. Feed buyers have little price exposure from this story.
nationalpost.comReutersJan 24, 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.
