# Peru's new technocrat president eases market fears | Financial Post

> 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.

- Date: 2020-11-18 · published 2020-11-18T12:00:00.000Z
- Category: geopolitics · region Peru · magnitude low
- Page: https://feedsoft.ai/events/50458-peru-s-new-technocrat-president-eases-market-fears-financial-post
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

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.

## Read by commodity

- USDPEN: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/perus-new-technocrat-president-eases-market-fears

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