# Peru's sol cheers rate hike as Latam assets join global rally | Financial Post

> 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.

- Date: 2021-09-10 · published 2021-09-10T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/45347-peru-s-sol-cheers-rate-hike-as-latam-assets-join-global-rally-financial-post
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

The rate hike supported the sol in the short term, but it has no meaningful direct effect on feed commodity prices.

## Read by commodity

- USDPEN: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/perus-sol-cheers-rate-hike-as-latam-assets-join-global-rally

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