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Peru unveiled a stimulus package equal to about 12% of GDP, the largest in the Americas, while Brazil and Mexico debate large packages. Peru's direct payments to citizens came before similar U.S. proposals.
The sol posted the biggest gain among emerging-market currencies since the stimulus was announced on March 29.
Large fiscal spending backed by strong savings has supported the sol and kept Peru's risk premium low, which eases pressure on its currency. For feed buyers, the impact on Peruvian demand is indirect and limited.
en.mercopress.comApr 9, 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.
