Free Trial

PEN Bounces After Two Week Slump

PERU
  • The Peruvian Sol rebounded nearly 2% yesterday after failing to extend the recent selloff on Tuesday. With a lack of domestic headlines, the price action was likely tied to broad-based EM gains and currency strength across the Latam region.
  • Additionally, desks noted profit taking after the 5.5% rally between April 16-26, following the release of polling data indicating growing support for left-wing candidate Pedro Castillo.

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.