# Peru's sol drops sharply after Cabinet shake-up | Financial Post

> 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.

- Date: 2022-02-01 · published 2022-02-01T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/42976-peru-s-sol-drops-sharply-after-cabinet-shake-up-financial-post
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

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.

## Read by commodity

- USDPEN: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/perus-sol-drops-sharply-after-cabinet-shake-up-2

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