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Peru's sol has strengthened more than 2% against the dollar in January to a seven-month high of 3.9 per dollar, after a record low last year tied to political risk. Analysts expect further gains as the central bank has raised rates six consecutive months to 3%, and copper prices and export dollar inflows are supporting the currency.
A firmer sol reflects rate hikes and strong export inflows rather than any change in agricultural supply, so there is no meaningful feed price implication. It is a currency story with limited relevance to feed buyers.
financialnewsletter.comReutersJan 13, 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.
