# EMERGING MARKETS-Peru's sol, bonds hit as no finance minister named; Mexican peso rise on GDP

> 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.

- Date: 2021-07-30 · published 2021-07-30T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/46351-emerging-markets-peru-s-sol-bonds-hit-as-no-finance-minister-named-mexican-peso
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

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.

## Read by commodity

- USDMXN: bearish ▼
- USDPEN: bullish ▲

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/emerging-markets-perus-sol-bonds-144654219.html

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