Free Trial

Sol Hovers Above All-Time Lows

PERU
  • Fujimori has exhausted all the opportunities to allege fraud, but can still dispute the results if she believes the numbers have been tallied incorrectly, said Jorge Jauregui, a Lima-based lawyer specializing in electoral law.
  • Fujimori's lawyer, Julio Cesar Castiglioni, recently indicated in a TV interview that she will issue another appeal. She has already said that she won't accept the result if Castillo is proclaimed the victor.
  • Optimism over a potential declaration of the next president on July 21 have been unable to prompt a meaningful rally in the Sol, away from levels close to the all-time-low 3.99 in USDPEN.
  • Lingering anxieties over the direction of policy under a Castillo led government may pressure this level in the short term, with limited resistance of note above.

Source MNI/Bloomberg

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.