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Peru's sol rallied 1.38% on Wednesday, the best performer among 24 emerging-market currencies tracked by Bloomberg. It strengthened past 4 per dollar to 3.9790, its highest since July 27.
The move follows President Pedro Castillo's shift toward a more moderate stance.
A stronger sol reflects easing political risk for Peru, a major copper, zinc and gold exporter, with little direct effect on feed grain or meal prices.
bloomberg.comMaria Elena VizcainoOct 13, 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.
