Free Trial

JPMorgan Note Potential 10-12 Days Of Uncertainty

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%.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.