# Peru currency dips 0.85 pct to 8-month low as dollar surges

> Peru's sol dropped 0.85 percent on Monday to close around 3.435-3.440 per dollar, its weakest level in more than eight months. The move came as the dollar surged on expectations of higher US inflation after the presidential election.

- Date: 2016-11-14 · published 2016-11-14T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/74096-peru-currency-dips-0-85-pct-to-8-month-low-as-dollar-surges
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

A weaker sol raises the local-currency cost of Peruvian fishmeal exports and can affect Peruvian feed input pricing, while a stronger dollar tends to weigh on dollar-priced feed commodities.

## Read by commodity

- USDPEN: bullish ▲
- FISHMEAL: neutral

## Sources

- reuters.com: https://www.reuters.com/article/peru-currency-idUSL1N1DF16T/?feedName=usDollarRpt&feedType=RSS

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