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Bloomberg reported that Peru's stimulus package equals about 12% of GDP, the largest in the Americas, and that investors have approved of it. The sol has posted the largest emerging-market currency gain since the March 29 announcement.
Peru's bond spreads remain the lowest in Latin America.
Investor support for Peru's spending has strengthened the sol, which lowers the local cost of imported feed ingredients. The effect on global feed prices is minimal.
amigosdeboliviayperu.orgApr 7, 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.
