# Peru currency hits record low, bonds fall on finance ministry vacuum | Financial Post

> Peru's sol fell 3.6% to a record closing low of 4.068 per US dollar, its largest daily decline in over seven years, despite $293 million in central bank intervention. Peruvian sovereign bonds fell and bond spreads widened to their widest in over a year after President Castillo named a Marxist party member as prime minister without naming a finance minister.

- Date: 2021-07-30 · published 2021-07-30T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/46350-peru-currency-hits-record-low-bonds-fall-on-finance-ministry-vacuum-financial
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Political uncertainty and a weaker sol raise import costs for Peru's feed buyers and tighten local financing, while a weaker local currency can marginally affect regional feed ingredient pricing; the direct grain price effect is limited.

## Read by commodity

- USDPEN: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/peru-currency-hits-record-low-bonds-fall-on-finance-ministry-vacuum

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