# Peru's sol, stocks plunge as Castillo overtakes Fujimori in close election

> 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.

- Date: 2021-06-07 · published 2021-06-07T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/46871-peru-s-sol-stocks-plunge-as-castillo-overtakes-fujimori-in-close-election
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

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.

## Read by commodity

- USDPEN: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/americas/peru-could-face-capital-flight-if-castillo-clinches-presidency-jpmorgan-2021-06-07/

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