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Peru's sol hit record lows and dollar bonds fell after Castillo appointed far-left Guido Bellido as prime minister without naming a finance minister. Most Latin American currencies weakened against a strong dollar, while Mexico's peso firmed on strong second-quarter GDP growth of 19.7% year on year.
Latam currency weakness raises local import costs for feed ingredients priced in dollars, but the effect on global feed grain prices is small and largely confined to Peru and the region.
finance.yahoo.comSusan MathewJul 30, 2021Not enough comparable past events yet for a historical read.
Not 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.
