# Head of Peru's Congress assumes presidency, vows to respect election timetable

> 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.

- Date: 2020-11-11 · published 2020-11-11T12:00:00.000Z
- Category: geopolitics · region Peru · magnitude low
- Page: https://feedsoft.ai/events/50460-head-of-peru-s-congress-assumes-presidency-vows-to-respect-election-timetable
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

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.

## Read by commodity

- USDPEN: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/us-peru-politics-idUSKBN27Q1WP/

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