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Peru's sol currency has slid to a record low against the dollar, trading above 3.7 per dollar and down about 12% since early 2020 despite heavy central bank intervention. Investors are worried that uncertainty ahead of the April 11 first-round presidential vote, with no clear favorite, could push the currency weaker.
A weaker sol raises the local-currency cost of Peru's imports and can affect fishmeal production economics, since Peru is a major fishmeal exporter; a falling sol tends to make Peruvian exports cheaper in dollar terms.
kfgo.comThomson ReutersMar 9, 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.
