# Peru's sol jumps 2% on hopes Velarde continues to helm c.bank | Financial Post

> 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.

- Date: 2021-08-10 · published 2021-08-10T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/45825-peru-s-sol-jumps-2-on-hopes-velarde-continues-to-helm-c-bank-financial-post
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

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.

## Read by commodity

- USDPEN: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/perus-sol-jumps-2-on-hopes-velarde-continues-to-helm-c-bank

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