# Dollar ended the day on the rise in S/3,782 after the impact of the sanctions on Russia | ECONOMY – Archyde

> The Peruvian sol closed weaker on March 1 at 3.782 per dollar, a 1.19% move against the dollar. The decline followed political turmoil over a possible vacancy of President Pedro Castillo and risk aversion from the Russia sanctions. The central bank intervened with 600 million soles and sold 70 million dollars to slow the sol's depreciation.

- Date: 2022-03-01 · published 2022-03-01T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/42542-dollar-ended-the-day-on-the-rise-in-s-3-782-after-the-impact-of-the-sanctions
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Political risk and risk-off flows weakened the sol, raising the local cost of dollar-denominated feed imports. The move is currency-driven and has little direct effect on grain or oilseed supply.

## Read by commodity

- USDPEN: bullish ▲

## Sources

- archyde.com: https://www.archyde.com/dollar-ended-the-day-on-the-rise-in-s-3782-after-the-impact-of-the-sanctions-on-russia-economy/

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