# Peru's sol leads Latam FX losses as Castillo takes Presidency | Financial Post

> Peru's sol fell 0.5% to 3.9581 per dollar, nearing its record low, after dropping 1.4% the previous day, as Pedro Castillo was confirmed as president. Latin American currencies broadly slipped amid fears that Delta-variant COVID cases would slow the global economic recovery.

- Date: 2021-07-20 · published 2021-07-20T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/46352-peru-s-sol-leads-latam-fx-losses-as-castillo-takes-presidency-financial-post
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Regional currency weakness and risk-off sentiment raise dollar-denominated import costs for Latin American feed buyers, though the grain price impact is modest.

## Read by commodity

- USDPEN: bullish ▲

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/perus-sol-leads-latam-fx-losses-as-castillo-takes-presidency

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