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Peru's currency fell to a record low against the US dollar on Friday, passing four soles per dollar for the first time, while the Lima stock exchange dropped 6.24%. The decline followed President Castillo's cabinet appointments, which left the finance and justice posts unfilled and included Guido Bellido as prime minister.
A sharp sol decline and equity sell-off signal policy uncertainty that raises Peru's import costs and could slow feed demand, with limited direct effect on global feed grain prices.
batimes.com.arJames GraingerJul 30, 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.
