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Repo Reference Rates, SOFR Holds At 0.03%

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BLOCK, Red Pack

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PERU
  • The candidates are likely to wait until the electoral authority finalizes the vote counting to claim victory or concede.
  • In a similarly tight race in 2016, Fujimori conceded five days after the runoff election.
  • Given the prevailing polarization and tight difference, they can't discard a longer period of uncertainty ahead with contested votes potentially ending up deciding the election.
  • If so, the uncertainty regarding who wins the first office could extend for another 10-12 days.
  • They add reference to the fact USDPEN has gained 6.1% since April 12, while the simple average of USDCLP, USDCOP, USDBRL and USDMXN declined by 3.6%.
MNI London Bureau | +44 020 3983 7893 | jack.lewis@marketnews.com
MNI London Bureau | +44 020 3983 7893 | jack.lewis@marketnews.com