
The US dollar closed at S/3.446 in Peru's interbank market, down 0.46% from the prior session. The dollar weakened internationally, the DXY fell 0.42% to 101.464, and oil prices retreated amid reactions to the US midterm election results.
A weaker dollar and lower oil prices reduce the cost of dollar-denominated feed imports for Peru and similar emerging markets, and relieve pressure on input costs.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
Not 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.