# Peru's sol soars as socialist Castillo loses ground to right-wing Fujimori By Reuters

> 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.

- Date: 2021-05-10 · published 2021-05-10T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/47374-peru-s-sol-soars-as-socialist-castillo-loses-ground-to-right-wing-fujimori-by
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Easing political risk strengthened the sol, which affects the local currency cost of Peruvian exports and imports. Grain and meal price impact is minimal.

## Read by commodity

- USDPEN: bearish ▼

## Sources

- investing.com: https://www.investing.com/news/forex-news/perus-sol-soars-as-socialist-castillo-loses-ground-to-rightwing-fujimori-2501865

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