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The sol rose 0.5% after the Peruvian central bank's 50 basis point rate hike to 1%, its second in a row. The bank said the move did not necessarily signal a continuous hiking cycle, and Latin American currencies firmed alongside global markets on signs of US-China rapprochement.
The rate hike supported the sol in the short term, but it has no meaningful direct effect on feed commodity prices.
financialpost.comReutersSep 10, 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.
