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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.
PERU
- The Peruvian Sol continues to buck the trend as the stand-alone regional winner on Thursday (+0.12%). PEN gains have extended to around 3% this week, in the face of greenback strength, with market positioning potentially being caught offside. Analysts highlight the 50-day SMA that has been supportive in recent USDPEN price dips.
- Sol-denominated government bond due 2031 slipped 0.08% to 112.558 cents on the dollar after a 1.8% advance on Monday and Wednesday, either side of the local holiday.
- Markets were bolstered from political developments and the softening in tone from the likely next President Castillo evident by his vote of support for current central bank governor Velarde. The winner of the June 6 runoff is scheduled to take office on July 28.
- Additionally, Peru Lima Consumer Prices Rose 0.52% M/m in June versus an estimate of +0.2%. The annual figure rose to 3.25% against a prior reading of 2.45%. The BCRP will meet next Friday 9th July.
MNI/BBG
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.
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