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More Positive Signs As Road Blockades Diminish

PERU
  • Social unrest that has heavily impacted Peru’s mines, agriculture and tourism appears to be losing momentum, potentially boosting the chances of a more stable economic outlook with President Dina Boluarte still in power.
  • Despite key demands not yet being met, measures of highway blockades indicate that demonstrators are speedily dispersing across the Andean nation.
  • The number of roadblocks has fallen by three quarters from a peak in January, according to Peru’s highway authority. On Tuesday, blockades were overwhelmingly concentrated in just one remaining area, the southeastern region of Puno.
  • USDPEN trades roughly 1.1% below last week’s high, holding towards the lower bound of February’s range.
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