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USDPEN Remaining In Stable Range

PERU
  • The Peruvian Sol has been one of the few currencies of emerging countries that has remained relatively stable in the world's high inflation rates cycle, BCRP Chief Economist Adrian Armas highlighted.
  • Armas said it is due to the fact that Peru, despite all the problems it faces, maintains a fairly strong and resilient macroeconomy —both in the fiscal and regulatory sides, plus in terms of monetary policy. (Andina)
  • Since November, USDPEN has been tracking close to 3.85, broadly maintaining a well-defined range between 3.80-3.90 over that period.

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