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Peru's sol rose as much as 2% to 4.0384 per dollar after a source said central bank President Julio Velarde agreed to stay on for another term. The move was seen as calming markets rattled by the election of a new left-wing president.
Chile's peso also firmed as copper rose on a looming strike at Escondida mine.
Currency moves in Peru and Chile affect the cost of regional feed and commodity exports, but the link to feed ingredient prices is indirect. Copper strength is unrelated to feed grain balances.
financialpost.comReutersAug 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.
