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PERU: PetroPeru Board Approves 2025 Budget Plan, USDPEN Steady

PERU
BulletPeruEM BulletEmerging Market News
  • USDPEN continues to hold a relatively contained range this week, with the 20-day EMA continuing to cap gains for the pair, intersecting today around 3.7450. Overall, USDPEN has been consolidating between 3.70-75 in recent sessions, following a strong recovery for the Sol across late November and early December. There are no economic data releases this week on the domestic calendar.
  • The Petroperú board approved next year’s budget and operation plan, the company said in a statement on Tuesday, with no further details provided in the communication.
  • As a reminder, data released over the weekend showed October economic activity rising 3.38% Y/y, above the expected +2.9%. Additionally, the unemployment rate for November came in at 5.7%, in line with expectations.
  • In other news, Following Peru's ratification, the UK’s Accession Protocol to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership came into force on December 15, which will bring additional benefits for the trade of certain Peruvian products. (Andina)
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  • USDPEN continues to hold a relatively contained range this week, with the 20-day EMA continuing to cap gains for the pair, intersecting today around 3.7450. Overall, USDPEN has been consolidating between 3.70-75 in recent sessions, following a strong recovery for the Sol across late November and early December. There are no economic data releases this week on the domestic calendar.
  • The Petroperú board approved next year’s budget and operation plan, the company said in a statement on Tuesday, with no further details provided in the communication.
  • As a reminder, data released over the weekend showed October economic activity rising 3.38% Y/y, above the expected +2.9%. Additionally, the unemployment rate for November came in at 5.7%, in line with expectations.
  • In other news, Following Peru's ratification, the UK’s Accession Protocol to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership came into force on December 15, which will bring additional benefits for the trade of certain Peruvian products. (Andina)