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Peru's sol fell 0.7% as central bank head Julio Velarde warned that mining protests could hurt investor sentiment. Antamina, Peru's largest copper mine, suspended operations on Sunday after several days of roadblocks, disrupting global copper supply.
The sol has weakened this year as the protests dent Peru's copper exports.
Copper supply disruption from Peru is a mining and currency story with little direct effect on feed commodity prices. The sol move reflects weaker sentiment toward Peru's export sector.
financialpost.comReutersNov 2, 2021Not 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.
