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Peru's sol fell 0.92% at the open on April 26 to a new historic low of about 3.82 per dollar. The move followed weekend polls showing a growing lead for socialist candidate Pedro Castillo.
A weaker sol raises the local cost of imported feed ingredients and reflects continued political risk ahead of the June runoff. Fishmeal and other Peruvian export pricing can shift with the currency.
devdiscourse.comReutersApr 26, 2021Not enough comparable past events yet for a historical read.
Not 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.
