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Peruvian central bank President Julio Velarde has agreed to stay on for another term, according to a source. Peruvian markets were battered after the election of Castillo, with the sol hitting a record low against the dollar on Monday.
Continuity at the central bank reduces currency volatility for Peru, a major fishmeal exporter, which can affect the cost of imported feed inputs. The price effect on feed ingredients is minor.
reuters.comMarco AquinoAug 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.
