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Investors are returning to Peru after political turmoil, with the sol up 3.7% this month and 7.2% from its all-time low on Sept. 30, the best performance among major currencies over that period.
Local stocks have risen 11% this year and domestic short-term bonds are also gaining as the central bank raises rates to curb inflation.
Stronger sol and rising Peruvian rates attract capital, which supports the currency but has little direct effect on feed grain or meal supply and demand. The impact on feed prices is minimal.
bloomberg.comAline Oyamada, María CervantesJan 20, 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.
