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Peru's sol fell about 1% on Tuesday, its biggest daily drop since July, after President Pedro Castillo replaced much of his Cabinet, including moderate Prime Minister who resigned citing internal disagreements. Right-wing lawmakers renewed calls to impeach Castillo.
Political instability in Peru can weigh on the sol and investor sentiment, which matters for feed buyers only indirectly through currency-driven shifts in Latin American trade and import costs. The effect on grain or meal prices is limited.
financialpost.comReutersFeb 1, 2022Not 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.
