Loading…
Peru's sol sank 2.5% against the dollar, its largest daily drop in seven years, as traders sensed presidential candidate Pedro Castillo was edging ahead of Keiko Fujimori. Lima's main stock index fell over 7%, and the central bank had spent about $11 billion intervening in currency markets.
Political uncertainty in Peru weakens the sol and raises import costs for Peruvian feed buyers, though the direct link to grain and oilseed prices is limited.
reuters.comMarc JonesJun 7, 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.
