Loading…
Francisco Sagasti was sworn in as Peru's interim president after Martin Vizcarra's ouster and Manuel Merino's resignation. The sol had hit a record low after Vizcarra's removal, then gained its largest daily increase in over seven months once Sagasti took office.
Peru's dollar bonds and local 10-year yields above 4% had come under pressure during the turmoil.
A firmer sol lowers the local-currency cost of Peruvian exports such as fishmeal, which is a feed protein input, so it modestly eases pressure on that supply chain. The effect on feed prices is limited unless political instability disrupts production.
financialpost.comReutersNov 18, 2020Not 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.
