# Analysis-Rising sol: Peru’s currency gains lift from rate hikes, trade winds | Financial Newsletter

> 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.

- Date: 2022-01-13 · published 2022-01-13T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/43414-analysis-rising-sol-peru-s-currency-gains-lift-from-rate-hikes-trade-winds
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

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.

## Read by commodity

- USDPEN: bearish ▼

## Sources

- financialnewsletter.com: https://financialnewsletter.com/analysis-rising-sol-perus-currency/

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