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Peru's sol fell to an 18-year low in early trading after Vizcarra was ousted and Merino took over the presidency. Dollar-denominated government bonds also dropped sharply as markets reacted to the political shock.
Congress's leadership pledged to keep the election timetable.
A weaker sol makes Peruvian fishmeal and other exports cheaper in dollar terms, which can weigh on global feed protein prices. The impact is modest because the political shock was short-lived.
reuters.comMarco AquinoNov 11, 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.
