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USDPEN Rises 0.50% At Open Amid Finance Minister Resignation Reports

PERU
  • USDPEN has opened higher and is extending gains in recent trade, underpinned by the latest reports of the Finance Minister resigning, citing a lack of transparency in some decisions from the administration. Price action has seen USDPEN break the week’s highs above 3.74 and reach the highest level since December 18, with higher US yields likely exacerbating the response.

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