# Analysis: Peru election fog raises investor concerns as sol currency already at record lows | The Mighty 790 KFGO | KFGO

> 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.

- Date: 2021-03-09 · published 2021-03-09T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/48396-analysis-peru-election-fog-raises-investor-concerns-as-sol-currency-already-at
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

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.

## Read by commodity

- USDPEN: bullish ▲
- FISHMEAL: neutral

## Sources

- kfgo.com: https://kfgo.com/2021/03/09/analysis-peru-election-fog-raises-investor-concerns-as-sol-currency-already-at-record-lows/

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