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Capital Economics says the Peruvian sol has held up surprisingly well over recent months despite several headwinds. It expects most emerging-market currencies to weaken over the next 12 to 18 months but sees the sol holding up relatively well.
For feed buyers in Peru, a steadier sol limits import cost swings for feed ingredients priced in dollars. The effect on grain and meal prices is modest.
capitaleconomics.comCapital Economics EconomistAug 1, 2018Not 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.
