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Peru's sol posted its biggest daily gain since April 2016, closing up 2.36%, after polls showed Pedro Castillo's lead over Keiko Fujimori narrowing ahead of the June 6 presidential runoff. Investors had been concerned about a sharp left turn in the world's No. 2 copper producer.
Easing political risk strengthened the sol, which affects the local currency cost of Peruvian exports and imports. Grain and meal price impact is minimal.
investing.comMay 10, 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.
